EUR/USD
To open long positions for EURUSD, it is required:
Buying the euro would be best done after returning to the level of 1.1779, and a break above 1.1811 will be a good signal to raise long positions with the main purpose of growth and an update at 1.1855. In the event of a decline in the euro, I recommend considering new long positions when a false breakdown is formed at 1.1745 or a rebound from 1.1711.
To open short positions for EURUSD, it is required:
While the trade is below 1.1779, there is an opportunity for the euro to further decline towards 1.1745 with a major yield of 1.1711, where it is advised to lock in profits. In case there is a return to 1.1779, it is best to return to short positions when forming a false breakout at 1.1811 or on a rebound from 1.1855.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers managed to hold 1.3146, and the consolidation above 1.3183 is a good signal to raise long positions with the main target of 1.3227 as the exit. In the event of a return below the level of 1.3183, it is better to leave long positions and wait for the renewal of 1.3146, where you can buy the pound once again.
To open short positions for GBP/USD, it is required:
Selling can be considered after the formation of a false breakout and a return to the level of 1.3183. This will lead to further selling of the pound with a test of the lows of the day around 1.3146. Only a consolidation below this level will lead to a larger decline in the GBP/USD pair with a test at 1.3104, 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
- Bollinger Bands 20
