EUR/USD
To open long positions for EURUSD, it is required:
The situation in comparison with the morning forecast has remained unchanged. It would be best to consider new long positions only after a breakdown and consolidation above 1.1940, which was not possible to do in the first half of the day. The main goal of the buyers will be the renewal of 1.1981 with the release to a new monthly high in the region of 1.2004. In the event of a decline in the euro, opening long positions is best done after the test of 1.1879 or on a rebound from 1.1840.
To open short positions for EURUSD, it is required:
The false breakdown and a return to the level of 1.1940 with a divergence to MACD has not yet led to a larger selling of the euro. However, finding the pair below 1.1940 keeps the downside potential for the purpose of breakdown and consolidation under the level of 1.1909, which will result in the update of the larger support at 1.1879. The main goal of the sellers will be the area of 1.1840, where it is advised to lock in the profit for today.
GBP/USD
To open long positions for GBP/USD, it is required:
According to the morning forecast, the buyers fulfilled the level of 1.1308 and a steadying above 1.3336. While the trade is conducted over this range, one can expect a continuation of the upward wave with an update of the monthly high near 1.3374, where it is advised to lock in the profit. If the pound drops below 1.3336, it is advised to revert to long positions only after the 1.3308 update is repeated
To open short positions for GBP/USD, it is required:
To open short positions on the pound, it is best to return after updating the level of 1.3374 or after returning and a consolidation under the intermediate support of 1.3336, which will allow you to count on a test of daily lows around 1.3308.
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
