EUR / USD
To open long positions on EURUSD, it is required:
It is recommended to return to buying the euro after consolidating above the level of 1.1807, which will return the upward momentum, which will be aimed at updating the level of 1.1835, from which it is recommend to record the profit today. In case of a decline in the euro in the morning, returning to buying is best when forming a false breakout at 1.1779, since it is at this level that most of the large orders for the continuation of the uptrend should be concentrated.
To open short positions on EURUSD, it is required:
Sellers will count on the formation of a false breakout and return to the level of 1.1807, which will be a good signal to increase short positions with the first goal of reducing the support area 1.1779. If a rapid rebound does not occur from the level of 1.1779, the further decrease of the euro to the area of yesterday's low - 1.1742 can be expected. In case of the euro increasing in the first half of the day, one can sell for a rebound after the renewal of the resistance at 1.1835.
GBP / USD
To open long positions on GBPUSD, it is required:
Returning to buying of the pound is plausible under the scenario of growth and consolidation above 1.2797, which will lead to the update of yesterday's high at 1.2830, where it is recommended to lock profits. In the case of a continuing downward trend, it is best to open long positions on the pound after forming a false breakout at 1.2760 or a rebound from 1.2718.
To open short positions on GBPUSD, it is required:
Sellers return to the market in the event of an unsuccessful attempt to consolidate and return to the level of 1.2797 or after updating the large resistance 1.2830. The main target for short positions will be a test of a large support level of 1.2760 with a further trend exiting on the area of 1.2718.
Fears indicators
- MA (moving average) 50 days - yellow
- MA ((moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
