EUR / USD
To open long positions on EURUSD, it is required:
It is recommended to buy back the euro only after the breakthrough and consolidation of the resistance level 1.1751, which will lead to a larger upward correction in the resistance area of 1.1784 and to the moving average. Going beyond this level will allow one to count on the update to 1.1828. In the case of a decline in the euro in the afternoon, returning to the long positions is the best after updating to 1.1712 or on a rebound from 1.1666.
To open short positions on EURUSD, it is required:
While the trade is below 1.1751, the euro can be expected to fall to the large support levels 1.1712 and 1.1666. The formation of a false breakdown at 1.1751 will be an additional signal for the opening of short positions in the euro. If the euro rises above 1.1751 in the afternoon, considering new short positions is best on a rebound of resistance at 1.1784.
GBP/USD
To open long positions for GBPUSD, it is required:
Returning to long positions on the pound is best after updating to 1.3271 or on a rebound from 1.3225. Only the release of weak data on the US economy could lead to a GBP/USD increase to the level of 1.3309, from which one can expect a larger upward wave to the area of 1.3359, where it is recommended to lock in profits.
To open short positions on GBPUSD, it is required:
While the trade is below 1.3309, the further decline of the British pound to 1.3271 can be expected, and good data on the manufacturing sector in the US will lead to the removal of stop orders below 1.3271 and the collapse of GBP/USD in the 1.3225 support area, where it is recommended to fix profits. If the pound is above 1.3309, it is best to return to selling after upgrading to 1.3359.
Indicators
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
