EUR/USD
To open long positions for EURUSD, it is required:
Buyers missed the level of 1.1853. It would be best to consider buying the euro after a return to this range with the main goal of an exit and consolidation above 1.1887, which will open the way to monthly highs near 1.1931, where it is advised to lock in profits for today. In case of a further decline in the euro, it would be best to open new long positions for a rebound from 1.1813.
To open short positions for EURUSD, it is required:
While the trade is below 1.1853, we can expect a further decline in the euro with an exit at 1.1813 and an update of 1.1780, where it is recommended to lock in profits. In the event of a return to the level of 1.1853, I advise you to look narrowly at new short positions after forming a false breakdown at 1.1887 or on a rebound from 1.1931.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers have aggressively returned to the market, and the break with a fixation above 1.3478 will lead to a further upward trend in the area of 1.3538 with a new monthly high at 1.3590.
To open short positions for GBP/USD, it is required:
It would be best to consider short positions on the pound after forming a false breakout at 1.353, or on a rebound from a larger resistance level of 1.3590. The main goal is to return and consolidate at 1.3478, which will return the GBP/USD pair to day lows in the area of a new support at 1.3425.
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
