EUR/USD
To open long positions for EURUSD, it is required:
It would be best to consider new long positions after a breakdown and consolidation above the level of 1.1800. This will open a direct road to the new monthly highs of 1.1832 and 1.1855, where it is advised to lock in profits. In the event of a decline in the euro during the first half of the day, it is possible to count on a renewal of the upward trend after the formation of a false breakout in the area of 1.1764 or a rebound from 1.1724.
To open short positions for EURUSD, it is required:
The false breakdown and a return to the level of 1.1800 after the update of yesterday's high will be a good signal for opening short positions in the European currency. A steadying below 1.1764 will also lead to selling and an update of the larger support at 1.1724, where it is recommended to lock in profits for today. If the euro rises above 1.1800, a return to short positions is advised only after updating 1.1832 or on a rebound from 1.1855 with a short stop order higher.
GBP/USD
To open long positions for GBP/USD, it is required:
Trade continues in the side channel. A break above 1.3152 could lead to a second attempt at growth and a consolidation at 1.3183. This would lead to a larger upward trend in the 1.3226 area, where it is recommended to lock in the profit. In the event of a decline in the pound during the morning, consider long positions with a false breakout of support at 1.3124 or a rebound from 1.3077.
To open short positions for GBP/USD, it is required:
A false breakout and a return below 1.3152 will be the first signal to raise short positions in the pound. In the event of a growth above 1.3152, it is best to consider selling the GBP/USD pair after updating the yesterday's high with a return at 1.3183. The main goal will be to return and a consolidation below 1.3124, which will lead to a quick selling towards the support area of 1.3077, where it is advised to lock in profits.
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
