EUR / USD
To open long positions on EURUSD, it is required:
It is possible to count on euro purchases after the breakdown and consolidation above the level of 1.1802, which will lead to the continuation of the upward trend in the area of 1.1830 and then to the exit for a larger resistance at the level of 1.1859, where it is recommend to lock in profits. If the EUR / USD falls below the support level of 1.1777, opening ong positions are best on a rebound from 1.1742.
To open short positions on EURUSD, it is required:
A failure to consolidate and return to the level of 1.1802 could put pressure on buyers, which will lead to a downward correction of the EUR / USD pair in the support area of 1.1777. A breakthrough at this level will provoke the sale of the euro with the update to 1.1742, where it is recommend to lock in profits. In case of growth above 1.1802, short positions can be made after updating to 1.1830 or immediately on a rebound from the range of 1.1859.
GBP / USD
To open long positions on GBPUSD, it is required:
A break and consolidation above 1.3403 would be a good signal to increase long positions in the pound with the purpose of rising to new weekly highs in the 1.3442 area and the main target of exit at 1.3478, where it is recommend to lock in profits. If the GBP / USD falls below the support level of 1.3364, buying the pound is best on a rebound from 1.3314.
To open short positions on GBPUSD, it is required:
The formation of a false breakout at 1.3403 with a return to this level or consolidation below 1.3364 will be good signals to sell the GBP / USD pair with the purpose of updating to 1.3314 and the main goal of a decline to 1.3267, where it is recommend to lock in profits. In case of growth above 1.3403, you can return to short positions on the pound from the resistance level of 1.3442 or on a rebound from 1.3478.
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
