EUR/USD
To open long positions for EURUSD, it is required:
Everything remains in its original position. The resistance level is only slightly weakened. It would be best to consider buying the euro only after a consolidation at 1.1608, which will lead to a larger upward correction to the area of 1.1644 with an exit at 1.1687, where I recommend locking in the profit. In the event of a further decline in the euro, it would be best to buy from 1.1575 when a false breakdown is formed in that level or immediately consider new long positions on a rebound from the area of 1.1538.
To open short positions for EURUSD, it is required:
The fastening below 1.1575 will lead to a quick sellout of the euro towards the area of 1.1538 and a further decline to a larger support of 1.1513, where I recommend locking in profits for today. Forming a false breakout and returning to the resistance level of 1.1608 will also be an additional signal to selling the euro. In the event of a growth above 1.1608, I advise you to pay attention to short positions only after updating 1.1644 or to rebound from 1.1687.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers managed to show themselves only in the support area of 1.3113, which I mentioned in my morning forecast. At the moment, while trading is above 1.3113, you can expect attempts to return and consolidate towards 1.3143, which will lead to morning highs in the area of 1.3169, where I recommend locking in profits. In the event of a decline towards 1.3113, it's better to postpone buying until the update reaches 1.3077.
To open short positions for GBP/USD, it is required:
Some sellers retreated at the level of 1.3113. However, the repeated rise towards it can collapse the pound further downwards for the purpose of a test at 1.3077, where it is recommended to completely lock in profit on short positions for today. In the event of growth above 1.3143, selling can only be expected on a rebound from 1.3169.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA
- Bollinger Bands 20
