EUR/USD
To open long positions for EURUSD, it is required:
New long positions are best seen after the support of 1.1745 is downgraded and upgraded, or immediately towards the rebound from a larger support level of 1.1711. In case there is growth and consolidation above 1.1811, it is also possible to increase long positions for the euro with the purpose of updating 1.1855, where it is advised to lock in the profit during the morning.
To open short positions for EURUSD, it is required:
A breakdown and consolidation below 1.1779 from the second attempt could lead to a further selling of the European currency in order to update 1.1745 and an exit to 1.1711, where it is recommended to lock in profits. In the event of a growth in the euro, consider short positions in case there is a false breakdown of resistance at 1.1811 or a rebound from 1.1855.
GBP/USD
To open long positions for GBP/USD, it is required:
The formation of a false breakdown of support at 1.3146 will be the first signal to buy the pound. A break and consolidation above 1.3183 will also allow you to increase long positions, with the expectations of updating the highs around 1.3227, where it is advised to lock in profits for today. In the event of a decline in the pound in the morning, a return to buying would be best done after an upgrade to 1.3104 or to a rebound of 1.3077.
To open short positions for GBP/USD, it is required:
A break and the consolidation below 1.3146 will be the first signal for opening short positions in the pound, which will lead to selling and an update of 1.3104 with the main target of the exit at 1.3077, where it is recommended to lock in the profit. In the event of a growth in the pound during the first half of the day, short positions can be considered with a false breakout from 1.3183 or a rebound from 1.3227.
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
