EUR / USD
To open long positions for EUR/USD, it is required:
As long as the trade is higher than the level of 1.1971, which was able to return today at the beginning of the European session, one can count on further growth already in the psychological level of 1.2008 area with the further goal of reaching 1.2072, where I recommend fixing profits. In the event of a return to the level of 1.1971, it is best to postpone buying the euro to support 1.1938 or to rebound from 1.1904. The fastening on 1.2008 will also be a good signal to increase long positions in euro.
To open short positions for EUR/USD, it is required:
Sellers will try to return the pair to the level of 1.1971, which will be the first signal for the withdrawal of large euro buyers from the market. In this case, you can expect a correction to the support area of 1.1938 and 1.1904. If the upward trend continues, it is best to go back to sales after forming a false breakdown for 1.2008 or immediately to rebound from a large resistance of 1.2072.
GBP / USD
To open long positions for GBP/USD, it is required:
For buyers of the pound, the first stop will be the area of 1.2954. Only a trade at this level with the consolidation above will serve as a good signal to increase long positions with the expectation of continuing the upward trend in the area of resistances 1.2986 and 1.3014, where I recommend today to record profits. In the case of a drop in the pound in the morning, returning to buying is best for a rebound from 1.2922.
To open short positions for GBP/USD, it is required:
Sellers will try to form a false breakdown at the level of 1.2054 and a return to it will be the first signal to open short positions on the pound with a view to reducing to support of 1.2922. The fastening below 1.2922 opens a good opportunity for correction to the area of 1.2885. If the pound is growing at a trend above 1.2954, it is best to return to sales on a false breakout of the area of 1.2986 or on a rebound from 1.3014.
Indicators
MA (medium sliding) 50 days - yellow
MA (middle sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
