The attempts to reach the first target levels were unsuccessful as volatility was low this morning. But later on, there will be reports on US CPI and core inflation, which may prompt large movements in the market. Declines that are more than expected will cause a very sharp rise in euro, while an increase or no change in the figure will lead to a significant drop. The Fed minutes will not be of great importance because it is already clear to everyone that the committee's position remains unchanged and is aimed at combating high prices.
EUR/USD
For long positions:
Buy euro when the quote reaches 1.0935 (green line on the chart) and take profit at the price of 1.0983.
Euro can also be bought at 1.0916, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0935 and 1.0983.
For short positions:
Sell euro when the quote reaches 1.0916 (red line on the chart) and take profit at the price of 1.0876.
Euro can also be sold at 1.0935, but the MACD line should be in the overbought area as only by that will the market reverse to 1.0916 and 1.0876.
GBP/USD
For long positions:
Buy pound when the quote reaches 1.2419 (green line on the chart) and take profit at the price of 1.2474 (thicker green line on the chart).
Pound can also be bought at 1.2396, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2419 and 1.2474.
For short positions:
Sell pound when the quote reaches 1.2396 (red line on the chart) and take profit at the price of 1.2357.
Pound can also be sold at 1.2419, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2396 and 1.2357.
