EUR/USD
To open long positions for EURUSD, you need:
I recommend a return to buying the euro only after consolidating at a resistance level of 1.1752, with the main growth target towards 1.1788, where I recommend locking in profit. In case of a further decline in the pair, opening long positions would be best after updating support at 1.1705, with the target of a rebound by 20-25 points. To secure at 1.1788 will open a direct road towards a resistance of 1.1824.
To open short positions for EURUSD, you need:
As long as the trade is below 1.1752, we can expect the euro to fall further in order to update 1.1705 and hit a new weekly low in the area of 1.1652. If the euro rises to 1.1752, it would be best to open new short positions after updating 1.1788 and returning to this level, or immediately to a rebound from 1.1834.
GBP/USD
To open long positions for GBPUSD, you need:
Buyers are on track for a rebound level of 1.2863, where it is recommended to pay attention to in the morning review. In case of a repeated decline in the pound towards this level, it is advised to take long positions only after forming a false breakdown on it, with the target of 1.2901, or immediately at a rebound from the low of 1.2817. Securing at 1.2901 will be an additional signal to raise long positions.
To open short positions for GBPUSD, you need:
A re-test at 1.2863 against a background of good data on the US economy could lead to a further formation of a downward trend with a new low at 1.2817, where I recommend locking in profits. If the pound rises in the afternoon, it would be best to return to selling after forming a false breakout at 1.2901.
Indicators
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
