EUR/USD
To open long positions for EURUSD, it is required:
It would be best to consider buying the euro after the formation of a false breakdown at 1.1782 with a divergence on the MACD indicator, or after the breakdown and consolidation above 1.1805, which will lead to a larger construction of a correction in the resistance level of 1.1843, where it is advised to lock in profits for today. In the event of a decline below 1.1782, it would be best to consider buying the euro for a rebound of 1.1737.
To open short positions for EURUSD, it is required:
A break and consolidation below 1.1782 could lead to a larger selling of the European currency with the update of strong support levels around 1.1737 and 1.1715, where it is advised to lock in profits. If the euro rises above 1.1805, it is best to hold back from short positions towards a test of 1.1843.
GBP/USD
To open long positions for GBP/USD, it is required:
It is possible to open long positions on the pound after the formation of a false breakout at 1.3361, with its confirmation by means of divergence on the MACD indicator, or after a steadying above the resistance of 1.3397, which will allow us to expect a more serious upward correction towards the area of 1.3432 and 1.3473. In case the pound drops, buying can be seen in the area of 1.3332 or on a rebound from 1.3299.
To open short positions for GBP/USD, it is required:
The formation of a false breakout at 1.3397 or a consolidation below 1.3361 would be a good signal for opening short positions for the pound with an outlook of a further decline towards the area of 1.3332 and 1.3299, where it is advised to lock in profits for today. If the pound is growing in the morning, you can consider short positions after updating 1.3397 or on a rebound from 1.3432.
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
