EUR/USD
To open long positions on EURUSD, it is required:
Buyers played a divergence around 1.1745, but the lack of support from larger players led to a further sell-off of the euro. At the current moment, attention will be focused on the level of 1.1710, from which one can also expect a small upward correction. In the case of a larger euro decline, buying is best in the area of 1.1666.
To open short positions on EURUSD, it is required:
The sellers returned to the level of 1.1745 and continue to push the euro down. The next target is 1.1710, the breakdown below of which will lead to a larger selling of the euro with the update to 1.1666, where it is recommended to lock in profits today. In case the euro strengthens in the afternoon above 1.1745, returning to selling is best on a rebound from 1.1779.
GBP/USD
To open long positions on GBPUSD, it is required:
In buying the pound, it's best to return after updating the daily low in the 1.3345 support area and forming a false breakdown there. In the case of a larger GBP/USD decline in the trend in the afternoon, buying the pound is best on a rebound from 1.3309.
To open short positions on GBPUSD, it is required:
Sellers will seek to update support for 1.3345 with an exit to a larger level of 1.3309, where it is recommended to fix profits today. Sales can also be seen after the GBP/USD returns to resistance level of 1.3423.
Indicators:
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
