EUR/USD
To open long positions for EURUSD, it is required:
It is best to consider buying the euro when it is secured at 1.1610, which will lead to a larger upward correction towards 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, buying from 1.1578 would be done best when a false breakdown is formed in that level or consider new long positions at once on a rebound from the area of 1.1538.
To open short positions for EURUSD, it is required:
A steadying below 1.1578 will lead to a quick sellout of the euro towards the area of 1.1538 with a further decline to a larger support of 1.1513, where I recommend locking in profit for today. The formation of a false breakout and a return to a resistance of 1.1610 will also be an additional signal for selling the euro. In the event of a growth above 1.1610, I advise you to pay attention to short positions only after updating at 1.1644 or on a rebound from 1.1687.
GBP/USD
To open long positions for GBP/USD, it is required:
A steadying at the resistance level of 1.3143 will lead to a breakdown of the upper limit of the descending channel and the formation of a new wave of growth of the British pound with an update of 1.3169 and an exit towards 1.3204, where I recommend locking in the profit. If the pound declines to 1.3119, I recommend that you consider buying only after the formation of a false breakdown at this level, or immediately to a rebound from 1.3090. A larger support level coincides with the lower border of channel 1.3068.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return under 1.3143 would be a good signal to open short positions on the pound with a breakdown of 1.3119 and an exit at 1.3090. The main goal of the sellers will be a support test at 1.3068, where I recommend locking in the profit. In the event of a growth above 1.3143, I advise a return to selling only after updating the 1.3169-1.3177 range or to rebound from 1.3204.
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
