EUR / USD
To open long positions on EURUSD, it is required:
A break above the level of 1.2449 will lead to a second wave of growth in the European currency with the renewal of resistance at 1.2532, where it is recommended to lock in profits. In case of a decline below the level of 1.2403, consider opening new long positions after the formation of a false breakdown at 1.2339 or on a rebound from 1.2255.
To open short positions on EURUSD, it is required:
The formation of a false breakout at the level of 1.2449 and a return to this level can lead to a correction of the euro in the morning to the support area of 1.2403. Fixing below this range will lead to a sale to a stronger level of 1.2339, where it is recommended to lock in profits. In case of a more powerful downward momentum, the EUR / USD could collapse into the support area of 1.2255.
GBP / USD
To open long positions on GBP / USD, it is required:
Opening long positions on the pound is best after a successful return and consolidation at 1.4159, which will lead to the resumption of the upward movement with the update to 1.4249. The key goal of buyers in the morning will be the test at 1.4338, where it is recommended to lock in profits. If the pound drops below 1.4086, it is advised to return to long positions only after the test at the level of 1.4015 or on a rebound from 1.3920.
To open short positions on GBP / USD, it is required:
The formation of a false breakout at 1.4159 may lead to a downward correction in the pound with a repeat test of intermediate support at the level of 1.4086. The breakdown of this level will lead to the larger sellout of GBP / USD with an update to 1.4015 and 1.3920, where it is recommended to lock in profits. In case of growth above 1.4159, selling the pound is best on a rebound from 1.4249.
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
