EUR/USD
To open long positions for EURUSD, it is required:
Buyers completed the first morning target for a steadying towards 1.1802 and are currently trying to reach 1.1830. A steadying at this level will also be a good signal to increase long positions in the calculation for an update towards 1.1859, where it is advised to lock in profits. In case the euro declines, consider new long positions after a re-test of 1.1802.
To open short positions for EURUSD, it is required:
It is possible to consider short positions for the euro after the formation of a false breakdown at 1.1830, with the main goal of a decline towards 1.1802. In the event of further growth above 1.1830, I recommend that you return to selling only after updating 1.1859 or towards a rebound from 1.1900. A return to the level of 1.1802 could lead to a rapid decline in the EUR/USD pair towards the support area of 1.1777.
GBP/USD
To open long positions for GBP/USD, it is required:
It is better to consider buying the pound after a return and consolidation at the level of 1.3364 or immediately on the rebound from a large support of 1.3314. The main goal for long positions will be a retest of 1.3403, where it is advised to lock in the profit.
To open short positions for GBP/USD, it is required:
The consolidation below 1.3364 opens a good opportunity to further reduce the British pound in the area of weekly lows in the area of 1.3314, where it is advised to lock in profits. In the absence of major selling below 1.3364 at the beginning of the US session, returning to short positions would be best executed for a rebound of 1.3403.
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
