EUR/USD
To open long positions for EURUSD, it is required:
The morning plan for buying worked, and currently all the attention will be concentrated on a new weekly high near 1.2076, a break above it will be a good signal to increase long positions with the next purpose of updating 1.2123 and 1.2164, where it is advised to lock in profits. In the event of a decline in the euro in the afternoon, purchases can be considered after the formation of a false breakdown at 1.2035 or a rebound from 1.2004.
To open short positions for EURUSD, it is required:
Only the formation of a false breakout at 1.2076 will lead to renewed pressure on the European currency, which will allow the EUR/USD to drop towards the support area of 1.2035. In case of growth above 1.2076, it would be best to consider new short positions for a rebound from 1.2123 and 1.2164.
GBP/USD
To open long positions for GBP/USD, it is required:
It would be best to consider new long positions after returning and upgrading the level of 1.3532 or above 1.3555. In this scenario, the main target will be a new resistance of 1.3579, where it is advised to lock in the profit. If the rapid growth of 1.3532 will not be observed, then buying the British pound can immediately be done at a rebound from 1.3505.
To open short positions for GBP/USD, it is required:
I advise that you open short positions in the GBP/USD pair only after updating the weekly high near 1.3579. Also, you can sell immediately on the rebound from a resistance of 1.3609. If the pound is reduced to the support area of 1.3532 and there is no volume there, you can also expect a test of 1.3505 near the end of the day.
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
