EUR / USD
To open long positions on EURUSD, it is required:
Buyers need to gain a foothold above 1.1772, which will allow us to count on the continued growth of the euro in the area of a larger resistance of 1.1806, where it is recommended to lock in profits. In case of a decrease in EUR / USD in the morning, you can go back to long positions after updating to 1.1738 or on a rebound from 1.1683.
To open short positions on EURUSD, it is required:
Failure to consolidate and return to the level of 1.1772 could put pressure on buyers, which will lead to a downward correction of the EUR / USD in the support area of 1.1738. A breakthrough at this level will provoke the sale of the euro with an update to 1.1683, where it is recommended to lock in profits. In case of growth above 1.1772, short positions can be searched immediately form a rebound on the range of 1.1806.
GBP / USD
To open long positions on GBPUSD, it is required:
A break and consolidation above 1.3357 would be a good signal for an increase in long positions in the pound, with the aim of rising to new weekly highs in the 1.3394 area and the main target of the exit at 1.3442, where it is recommended to lock in profits. In case of GBP / USD decline in the morning, buying the pound is best after a false breakdown at 1.3314 or a rebound from 1.3267.
To open short positions on GBPUSD, it is required:
The formation of a false breakout at 1.3357 with a return to this level, or consolidation below 1.3314 will be good signals for GBP / USD sales with the purpose of updating to 1.3267 with the main goal of a decline to 1.3224, where it is recommended to lock in profits. With a growth option above 1.3357, looking for short positions on the pound is best on a rebound from 1.3395.
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
