EUR / USD
To open long positions on EURUSD, it is required:
Buying the euro is best when forming a false breakdown at 1.1942 with a return to it or after updating to the larger support level of 1.1906. You can also buy the euro immediately after the rebound at the new weekly lows around 1.1866. In case of consolidation above 1.1967, we can expect a repeated upward trend with the update of 1.2003. The main goal will be a reversal of the downward trend with an exit at 1.2044.
To open short positions on EURUSD, it is required:
The break and consolidation below the intermediate support level of 1.1942 will lead to further sales of the euro after yesterday's unsuccessful growth, which will allow it to update to the levels of 1.1906 and 1.1866, where it is recommended to lock in profits. In case of growth above 1.1967, short positions are best after returning to a rebound of 1.2003 or after the update to 1.2044.
GBP / USD
To open long positions on GBPUSD, it is required:
Opening long positions on the pound is best after breaking through and consolidating above the level of 1.3518 or after forming a false breakout at 1.3489. The main goal of the buyers will be to return to the middle of the channel at 1.3555 and update the upper limit of 1.3586, where it is recommended to lock in profits. In case of a larger pound drop in the morning, you can look for a rebound from 1.3460.
To open short positions on GBPUSD, it is required:
The formation of a false breakout at 1.3518 or a consolidation below 1.3489 would be a good signal for an increase in short positions in the GBP / USD, which will lead to the renewal of larger support levels around 1.3460 and 1.3429, where it is recommended to lock in profits. If the pound is rising above 1.3518 in the morning, opening short positions in the GBP / USD is recommended only for a rebound to 1.3555.
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
