EUR / USD
To open long positions for EUR/USD, it is required:
Buyers did not cope with the level of 1.1783, which led to the return of the euro to the area of the morning support 1.1741. Apparently, this level will be broken, therefore it is better to return to long positions after updating the lower border of the channel 1.1698 with the expectation of returning to the area of 1.1740 in the afternoon. The break and consolidation above 1.1783 will be the reason for the increase in long positions in the euro.
To open short positions for EUR/USD, it is required:
Vendors will try to gain a foothold below the important support level of 1.1741, which opens a good opportunity to further reduce EUR/USD in the support area 1.1698 with an exit to 1.1666. If the euro rises again in the second half of the day to the resistance area of 1.1783, it is best to postpone sales before forming a false breakout there, or sell the euro immediately to a rebound of 1.1826.
GBP / USD
To open long positions for GBP/USD, it is required:
Buyers of the British pound are best sought after the upgrade of a large support level located in the area of 1.3138, where the market will also record profit on short positions. Option with purchases of the British pound can also be considered after the return and consolidation at the level of 1.3201, which will allow forming an upward correction to the resistance 1.3257, where I recommend fixing the profit.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3201, we can expect a further drop in the British pound to the support area of 1.3138, where it is best to record profit. A larger downward movement of the pound may lead to test 1.3093. In the case of a pound rising above 1.3201, sales are best returned to a rebound of 1.3257.
Indicators
MA (medium sliding) 50 days - yellow
MA (middle sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
