EUR/USD
To open long positions for EURUSD, it is required:
A break and consolidation above 1.1655 may continue the euro's upward movement, which will lead to the renewal of the large resistance at 1.1687, where sellers can start returning to the market. The consolidation above 1.1687 will lead to a stronger growth in the euro towards the area of 1.1722, where I recommend locking in the profit. In the event of a decline in the EUR/USD pair during the first half of the day, it is advised to return to buying from a large support of 1.1602.
To open short positions for EURUSD, it is required:
A false breakout and a return to the level of 1.1655, once yesterday's high is updated, will be a good signal for the opening of short positions in order to push the euro downwards to the support area of 1.1602 as well as a further exit to the week's low in the area of 1.1565. If the euro rises above 1.1655, I advise that you pay attention to short positions after updating 1.1687 or to a rebound from 1.1722.
GBP/USD
To open long positions for GBP/USD, it is required:
A level above 1.3163 on good production data will lead to a further growth in the pound towards the area of 1.3213, where I recommend locking in profits. In the event of steadying above 1.3213, you can expect an update to 1.3272. A decline in the pound during the first half of the day can be stopped by the intermediate support at 1.3124. Otherwise, it is best to open long positions after updating the 1.3090-1.3095 area.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return below 1.3163 on weak fundamental data will be a good signal for the opening of short positions on the pound with a breakdown of 1.3124 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 growth above 1.3163, I advise a return to selling after updating the 1.3213 range or to rebound from 1.3272.
Indicator description
- Moving Average (average sliding) 50 days - yellow
- Moving Average (average sliding) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
