EUR/USD
To open long positions on EURUSD, it is required:
In the case of a break above 1.2558, one can count on the continued growth of the euro in the resistance area 1.2601, where it is recommended to lock in profits. With the correction option down from the level of 1.2558 on false breakdown, you can search for new long positions after updating support 1.2510 or on a rebound from 1.2460.
To open short positions on EURUSD, it is required:
The formation of a false breakout at 1.2558 and a return to it in the morning will be a signal for the opening of short positions in the euro, with the aim of reducing to the first interim support in the area of 1.2510. The main target of the sellers will be updating 1.2460, where it is recommended locking in the profit. In the case of growth above 1.2558, selling the euro can be done immediately on a rebound from 1.2601.
GBP/USD
To open long positions on EURUSD, it is required:
While the trade is above 1.4106, you can count on the continuation of the pound's rise to resistance level of 1.4170, and the consolidation on this range will lead to a more powerful upward movement, with an exit already at the highs of February to 1.4220 and 1.4275, where it is recommended to lock in profits. If you return to the level 1.4106, you can return to long positions only after updating the major support 1.4028.
To open short positions on EURUSD, it is required:
The formation of a false breakout at 1.4170 and a return to it in the morning will be a signal for the opening of short positions in the pound, with a view to reducing to the first interim support in the area of 1.4106, consolidation under which will lead to a stronger sellout of GBP/USD to the area of 1.4028, where it is recommended to lock in profits. In the case of growth above 1.4170, sell the pound immediately on a rebound from 1.4220.
Descriptors
- MA (moving average) 50 days - yellow
- MA (moving average) 30 days - green
- MACD: fast EMA 12, slow EMA 26, SMA 9
- Bollinger Bands 20
