EUR/USD
To open long positions for EURUSD, it is required:
Buyers continue to prepare for a new growth of the European currency and trade resistance at 1.1850. The consolidation above 1.1850 opens a good opportunity to update the weekly highs in the areas of 1.1875 and 1.1900, where it is advised to lock in the profit. In the event of a decline in the euro in the afternoon below the level of 1.1827, you can return to long positions in the area of 1.1806, but it is best to rebound from 1.1777.
To open short positions for EURUSD, it is required:
A consolidation below 1.1827 will pressure the euro and will also lead to the renewal of support at 1.1806. The main goal for short positions will be a test of 1.1777, where it is advised to lock in the profit. In the event of growth above 1.1850, it is better to postpone selling the EUR/USD pair until 1.1875 is upgraded, or immediately towards a rebound of 1.1900.
GBP/USD
To open long positions for GBP/USD, it is required:
A consolidation above 1.3400 would be a good signal to increase long positions in the pound, with an exit towards a new weekly resistance around 1.3437, where I recommend that you lock in profits. If the pound is reduced at 1.3373, it would be best to consider new long positions for a rebound of 1.3332.
To open short positions for GBP/USD, it is required:
A break and consolidation below the level of 1.3373 will form a new wave of pressure on the British pound, which will lead to a bigger selling in the currency with an update of 1.3332 and the main target of the exit at 1.3302, where it is advised to lock in the profit. In the event of growth above 1.3400, you can immediately return to selling the pound for a rebound of 1.3437.
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
