EUR / USD
To open long positions for EUR/USD, it is required:
I recommend returning to euro purchases today only after the breakdown and consolidation above the level of 1.1719, which may lead to the formation of a larger upward wave with the renewal of the level of 1.1756 and the exit to an intermediate resistance of 1.1785, where I recommend fixing the profit. If the euro continues to decline in the trend, it is best to pay attention to the new long positions after upgrading the large support of 1.1666 or to rebound from 1.1627.
To open short positions for EUR/USD, it is required:
Sellers will try to form a false breakdown at the level of 1.1719, a return to which will be a good signal to increase short positions in order to re-test 1.1692 and exit to 1.1666, where I recommend fixing profit. In the case of a larger downward movement, you can also expect to update to 1.1627. The growth of the euro above 1.1719 in the first half of the day could lead to a correction to the area of 1.1756, from which one can also see short positions.
GBP / USD
To open long positions for GBP/USD, it is required:
It is best to buy pound only after the breakdown and consolidation above 1.3275, which will lead to a larger correctional wave to 1.3313 area and, quite possibly, to 1.3360, where I recommend fixing profit. If the situation continues to develop in the direction of a downtrend, then it is best to return to long positions on the pound after updating the levels of 1.3205 and 1.3160.
To open short positions for GBP/USD, it is required:
Sellers will try not to allow consolidation above the level of 1.3275, the rebound from which may resume large sales of the pound, which will lead to a test of new monthly lows around 1.3205 and 1.3160, where I recommend fixing profits. If the pound is above 1.3275 in the morning, you can count on sales only after upgrading to 1.3313 and the 50-day moving average test.
Indicators
MA (medium sliding) 50 days - yellow
MA (medium sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
