EUR/USD
To open long positions for EURUSD, it is required:
The situation with the morning forecast has not changed. It was not possible to move above 1.1805. At the moment, you can count on a false breakdown in the area of 1.1782 with a divergence on the MACD indicator. This will lead to a larger upward correction to a resistance area of 1.1843, where it is advised to lock in the profit for today. In the event of a decline below 1.1782, it would be best to consider buying 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. In the event of a false breakdown at 1.1782 and the euro rising above 1.1805, it is best to postpone short positions to test 1.1843.
GBP/USD
To open long positions for GBP/USD, it is required:
Opening long positions on the pound can be done after the formation of a false breakout in the area of 1.3361, with its confirmation by means of divergence on the MACD indicator or after a steadying above the resistance of 1.3397, which so far has made buyers fail. Only a larger break with a steadying above 1.3397 will allow us to expect a serious upward correction towards the area of 1.3432 and 1.3473. In case the pound drops, buying can be considered 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 has not yet led to a large selling of the British pound. While the trade is below 1.3397, we can expect a further decline in the pound towards the area of 1.3361 with an update at 1.3332 and the release of a large support of 1.3299, where it is advised to lock in the profit for today. If the pound is above 1.3397, you can only consider short positions after a rebound from 1.3473.
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
