EUR / USD
To open long positions for EUR/USD, you need:
An important level for buyers today will be support in the area of 1.1750 as the absence of a quick rebound from it up can lead to the continuation of the downward trend for the euro. In this case, you can count on new long positions after updating to a larger level of 1.1705. Also, take into consideration that the increase in long positions can happen after consolidation above the level of 1.1788 with an exit at 1.1834.
To open short positions for EUR/USD, you need:
Sellers continue to put pressure on the euro. Securing below 1.1750 will be a good signal for the increase of short positions from the main purpose of updating to 1.1705, where I recommend fixing profits. In case of euro growth in the first half of the day, you can return to short positions after an unsuccessful attempt to consolidate above 1.1788, or immediately rebound from a larger resistance at 1.1834.
GBP / USD
To open long positions for GBP/USD, you need:
Today, there are important news on inflation in the UK. So, the direction of the movement will be set by them. If the data comes out positive, you can buy after securing above the level of 1.2979 with the main purpose of updating to 1.3014 with the exit at 1.3050, where I recommend fixing profits. If the pound falls below 1.2950, then I recommend going back to buying only after a false breakdown of 1.2901, or on a rebound from the larger support at 1.2863.
To open short positions for GBP/USD, you need:
Sellers will be waiting for weak data on inflation today, as this will lead to a break and consolidation below 1.2950. The main goal is reducing to the area of new monthly lows at 1.2901 and 1.2863, where I recommend fixing profits. In case of a sharp increase in the pound above 1.2979, I recommend returning to selling after a false breakdown of 1.3014 or a rebound from 1.3050.
Indicators
MA (average sliding) 50 days - yellow
MA (average sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20