EUR/USD
To open long positions for EURUSD, you need:
I recommend a return to buying the euro only after a successful attempt to gain a foothold above the level of 1.1984, which could lead to a larger upward correction to the resistance area of 1.2024, where I recommend locking in profits. If the euro continues to decline further, it is best to consider new long positions after upgrading the support at 1.1916 or to rebound from 1.1879.
To open short positions for EURUSD, you need:
Sellers will try to block the consolidation above the level of 1.1984, from which an instant rebound should be formed. If there is no rapid movement down from this level, it is best to postpone selling until an upgrade of 1.2024. Breakdown and consolidation below 1.1947 would be a good signal for an increase in short positions in the euro with a prospect of a decline to 1.1916 and 1.1879.
GBP/USD
To open long positions for GBPUSD, you need:
The movement of the pound will depend entirely on the inflation data. If it is better than forecasts, then the breakdown and consolidation above 1.3214 will bring the GBP/USD pair to new monthly highs around 1.3260 and 1.3325, where for today, I recommend locking in the profit. In the event of a sharp drop in the pound due to the data, it is best to return to long positions after upgrading 1.3093 or from a larger support of 1.3064.
To open short positions for GBP/USD, you need:
Sellers will try to return to the level of 1.3170, and weak inflation data will put even more pressure on prices, which will lead to a quick return of the pair to the support area of 1.3126 and 1.3093. In the event of a sharp increase in the pound above 1.3214, return to selling with a target of 20-25 points on correction, it would be done best after upgrading 1.3260 or from 1.3325.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
