EUR / USD
To open long positions for EURUSD, you need:
The important time for buyers is in the morning when the price will be at level of 1.2066. The unsuccessful attempt to return to it with a reinforcement above will be a good signal to increase long positions in the euro with the main purpose of updating to 1.2123 and 1.2164, where I recommend fixing profits. If the euro falls below the level of 1.2066 and is fixed there, it is best to postpone buying to upgrade the level of 1.2025 or to rebound from 1.1985.
To open short positions for EURUSD, you need:
The sellers will try to return the euro to the level of 1.2066 in the morning, which will open the possibility for a deeper downward correction to areas of 1.2025 and 1.1985, where I recommend fixing profits. A better option for selling will be the levels of 1.2123 and 1.2164, where orders for profit taking on long positions will also be concentrated.
GBP / USD
To open long positions for GBPUSD, you need:
Buying the British pound is best after returning to the level of 1.3140. This opens a good opportunity for further growth to new monthly highs in the area of 1.3179 and 1.3223, where I recommend fixing profits. In case of a drop in the pound in the morning, it's best to go back to buying when upgrading the support level of 1.3101 or to rebound from 1.3064.
To open short positions for GBPUSD, you need:
It is best to consider short positions on the pound after an unsuccessful attempt to return to the level of 1.3140 or after updating the larger resistance levels 1.3179 and 1.3223. The main goal of the sellers will be a test of support at the level of 1.3101 and consolidation below 1.3064, which could endanger the current short-term upward trend for the pound.
Indicators description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
