EUR / USD
To open long positions on EURUSD, it is required:
Only the formation of a false breakout at 1.1853 will allow us to count on long positions in the euro with a return to a larger resistance level of 1.1887, which will lead to the resumption of the upward trend with the goal of reaching the level of 1.1931 and updating to the level of 1.1981, where it is recommended to lock in profits.
To open short positions on EURUSD, it is required:
The break and consolidation below the level of 1.1853 would be a good signal to increase short positions with a view to reduce to the level of 1.1813 and an update to 1.1780, where it is recommended to lock in profits. In case of euro growth in the first half of the day, consider opening short positions after the formation of a false breakdown at the level of 1.1887 or on a rebound from the level of 1.1931.
GBP / USD
To open long positions on GBPUSD, it is required:
The formation of a false breakout and a return to 1.3441 will be the first signals to increase long positions in the pound. The main goal will be the consolidation above 1.3478, which will lead to a larger upward trend with a test at the level of 1.3538, where it is recommended to lock in profits. In case of a pound drop in the morning, consider opening long positions immediately on a rebound from 1.3377.
To open short positions on GBPUSD, it is required:
A break and a consolidation below 1.3441 could lead to an increase in the downward trend for the pound with an update to the level of 1.3377, where it is recommended to lock in profits. If the pound is rises in the morning, opening short positions is best after upgrading to 1.3478 or on a rebound from 1.3538.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
