EUR/USD
To open long positions for EURUSD, you need:
Compared to yesterday, the forecast did not change. While the trade is higher than 1.1879, you can count on the bulls' attempt to reach the level of 1.1918, the breakdown with stabilizing on which will allow the EUR/USD pair to return to Friday's maximum high at 1.1974, where I recommend locking in the profit. If the euro goes below 1.1879 in the first half of the day, I recommend that you return to buying only after updating the level of 1.1827 or to a rebound from 1.1790.
To open short positions for EURUSD, you need:
The sellers will try to tighten the pair under the level of 1.1879, which failed yesterday. It will lead to a further downward trend with the goal of reaching 1.1827 and updating the new low at 1.1790, where I recommend locking in the profit for today. A false breakout and a return under 1.1918 will also be a signal to increase short positions in the euro. Otherwise, I recommend selling the EUR/USD pair immediately for a rebound from 1.1974.
GBP/USD
To open long positions for GBPUSD, you need:
A return to buying the pound is only recommended after a breakdown and stabilizing at 1.2937, as well as above the 30 and 50-day moving averages, which are also located in this range. It is possible that good data on the service sector can lead to the growth of the pound. The main goal is a return to the area of 1.2971 and an exit to a new weekly high of 1.3014, where I recommend locking in profits. If the pound is reduced by data, it would be best to return to buying after a false breakdown of 1.2910 or a rebound from 1.2868.
To open short positions for GBPUSD, you need:
Sellers will try to form a false breakdown at the level of 1.2937, and weak data on the service sector may reduce the pair in the support area of 1.2910. Stabilizing below this level will lead to a new wave of selling the GBP/USD pair with an exit at 1.2868, where I recommend locking in profits. In case the pound further increases in the morning, a return to selling would be best from the level of 1.2971 or to a rebound from 1.3014.
Indicators
- MA (average sliding) 50 days - yellow
- MA (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
