EUR / USD
To open long positions on EURUSD, it is required:
The buyers left the market after the decision of the ECB to extend the QE program until September 2018. Now, in case of further reduction of the euro, the reference level may be the area of 1.1727. A breakthrough in this level will lead to 1.1684. However, to rely on larger purchases is best after returning to the resistance level at 1.1756, which can easily pull the euro to 1.1787. This is where it is recommended to lock in profits.
To open short positions on EURUSD, it is required:
Sellers will continue to push the euro down after the close of the hour below 1.1756 with the main goal of exit today to 1.1727 and the update of a very important daily support level in the area of 1.1684. In case of sharper growth above 1.1756, it is recommended to go back to selling immediately for a rebound from 1.1787.
GBP / USD
To open long positions on GBPUSD, it is required:
While the trade is conducted above 1.3190, we can expect a demand to remain stable for the pound. Buying the GBP / USD pair is best after consolidation above 1.3225, which will lead to its recovery in the area of the day's resistance at 1.3265. This is where it is recommended to lock in profits. If the pound drops back to the 1.3190 area, it is best to open long positions after the formation of a false breakdown there, or to postpone purchases for a rebound from 1.3153.
To open short positions on GBPUSD, it is required:
Breakdown and consolidation below 1.3190 will lead to the next sale of the pound for the purpose of updating to 1.3153 and 1.3117. Selling can also be considered after the formation of a false breakdown at the resistance level of 1.3225 and a return to this level with the aim of breaking below the level of 1.3190.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
