EUR/USD
To open long positions for EURUSD, it is required:
Nothing has changed. I recommend that you observe buying only after a steadying above 1.1673 or after forming a false breakdown and a return to the level of 1.1639. The main goal will be an update of 1.1722, where it is advised to lock in profits for today. In the event of a decline below 1.1639, it is best to return to long positions only after a larger support test at 1.1602.
To open short positions for EURUSD, it is required:
A false breakout and a return to the level of 1.1673 will be a good signal for the opening of new short positions in the European currency. The fastening below 1.1639 will also lead to selling and a renewal of the larger support at 1.1602, where it is advised to lock in profits for today. In the event of a growth in the euro above 1.1673, it is recommended to return to short positions only for a rebound from 1.1722.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers won the support level of 1.3068, which I advised to pay attention to during the morning review. However, the upward movement will intensify only after the bulls manage to catch ahold of the area of 1.3100, from which one can rely on the upward movement towards the area of 1.3139. In the event of a re-run towards the area of 1.3068, it would be best to consider new long positions after upgrading 1.3040.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return to the level of 1.3100 will be a good signal to increase short positions in the pound for the purpose of a second test and the breakdown of 1.3068. This will open a direct road to the low of the month around 1.3040, where it is advised to lock in profits for today. In the event of a growth above 1.3100, it is advised to return to the rebound from 1.3139.
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
