EUR/USD
To open long positions for EURUSD, it is required:
There was another wave of growth in the euro, and currently there is an attempt to gain a foothold above 1.1832. If the bulls manage to keep the pair at this level, most likely, the growth will continue further into the area of 1.1872 with the prospect of reaching 1.1906, where it is advised to lock in the profit. In the event of a return to the level of 1.1832 in the afternoon, it is best to consider long positions for a rebound from 1.1788.
To open short positions for EURUSD, it is required:
Consider short positions after a consolidation below the level of 1.1832, from which the downward movement can take the EUR/USD pair towards the area of a larger support at 1.1788, where it is advised to lock in the profit. In the event of a further growth in the trend, you can consider selling the euro on a false breakout from 1.1872 or on a rebound from 1.1906.
GBP/USD
To open long positions for GBP/USD, it is required:
The pound is in a very difficult situation. As long as the trade is above 1.3157, further growth can be expected in the area of the morning resistance at 1.3209, a break with a consolidation above will lead to a new wave of growth in the resistance range of 1.3272 and 1.3296. In the event of a return at 1.3157, it would be best to consider new long positions for a rebound from 1.3115.
To open short positions for GBP/USD, it is required:
It is best to consider short positions after the next unsuccessful attempt to consolidate and return to the level of 1.3209 or after returning to the intermediate support of 1.3157. This could open a real opportunity to update 1.3115 and an exit to 1.3077, where it is recommended to lock in profits for today.
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
