EUR / USD
To open long positions on EURUSD, it is required:
It is recommended to buy back the euro after the formation of a false breakout at 1.1713 with the main goal of reaching 1.1743. The breakdown and consolidation above 1.1743 could lead to a larger upward trend with the update of the upper limit of channel at 1.1776, where it is recommended to fix profits. In case of movement in the morning under the level of 1.1713, opening new long positions is best after testing the support area of 1.1684.
To open short positions on EURUSD, it is required:
Sellers need to return the EUR / USD to the support level at 1.1713, which will lead to the demolition of a number of stop orders and the renewal of a larger area at 1.1684, where it is recommended to fix profits today. An unsuccessful attempt to consolidate above 1.1743 and a return to this level will also be a signal to increase short positions in the euro. Selling on the rebound is best after testing the level of 1.1776-85.
GBP / USD
To open long positions on GBPUSD, it is required:
Considerations in buying the pound is best after its reduction and the update of the intermediate support to 1.3089-80. The formation of a false breakout there with a return to 1.3089 would be a good signal for an increase in long positions in terms of testing a new high at 1.3142, where it is recommended to fix profits on long positions today. In case of a decline under the level of 1.3089, buying the pound is best after a rebound from 1.3031.
To open short positions on GBPUSD, it is required:
Considerations in selling the pound today will be best after the renewal of the large resistance at 1.3142 and the formation of a false breakdown there. This could lead to the return of GBP / USD to the support area of 1.3089-80. The break and consolidation under the level of 1.3089 will also be an additional signal to increase short positions with the test at 1.3031, where it is recommended to fix the profits.
Indicator descriptions
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
