EUR / USD
To open long positions on EURUSD, it is required:
No significant changes occurred. Buyers today will count on a false breakout and a return to the level of 1.1741, which will serve as a signal to increase long positions for growth at the level of 1.1783. The consolidation on this level will open a good opportunity for further growth of the euro to the area of 1.1826, where it is recommended to lock in profits. In case of a decline in the euro below 1.1741, I recommend that you return to buying only after updating 1.1698.
To open short positions on EURUSD, it is required:
Sellers will try to gain a foothold below the significant support level of 1.1741. This opens a good opportunity to further reduce the EURUSD pair in the support area of 1.1698 with an exit to 1.1666. In case of euro growth in the first half of the day, it is best to pay attention to short positions after updating the upper border of the channel at 1.1783 or to rebound from the large resistance at 1.1826.
GBP / USD
To open long positions on GBPUSD, it is required:
Buyers will try to form a false breakdown from the level of 1.3223, which would be a good signal to increase long positions on the pound in return for reaching the upper border of channel 1.3287, where it is recommended to lock in profits. If the pound drops below 1.3223 in the morning, it's best to pay attention to buying only after the 1.3160 test or on a rebound from 1.3126.
To open short positions on GBPUSD, it is required:
Sellers will do their best to gain a foothold below 1.3223, which opens up a good opportunity for a further fall of the euro to the region of new monthly lows of 1.3160 and 1.3126, where it is recommended to lock in profits. In case it fails to gain a foothold below 1.3223 in the first half of the day, then it is recommended to return to selling only after updating the upper border of the channel to 1.3287.
Indicator 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
