EUR/USD
To open long positions on EURUSD, it is required:
Today, all movements in the second half of the day will be based on statements by the heads of the Fed and the ECB. To forecast based on technical analysis will not be the right decision. If it goes above 1.1835 and are stable there, we can count on the continued growth of the euro in the area of 1.1874 and 1.1926 with the main objective of 1.1954. In case of a fall of the euro, it is not advisable tor return to buying today.
To open short positions on EURUSD, it is required:
The euro's fall below today's lows and a return to level 1.1788 may be evidence of a further strengthening of the US dollar. In this case, it can be expected to update the levels 1.1742 and 1.1710 with the main output by the end of the day on the lower border of the August channel - 1.1681.
GBP/USD
To open long positions on GBPUSD, it is required:
It is recommended to continue buying the pound only after a real breakdown of 1.2834 with key targets in the area of 1.2873 and 1.2914, where it is recommended to lock in profits. In case of a pound decline on the Fed Chairman's speech,it is recommended not to return to buying today.
To open short positions on GBPUSD, it is required:
A false breakout and a return to the level of 1.2834 with positive statements for the US dollar from the head of the Fed may lead to a test of 1.2794, and consolidation below this level will serve as a strong signal for the formation of a downtrend to the support area 1.2760 and 1.2718 by the end of today.
Fears of indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
