EUR / USD
To open long positions for EUR/USD, it is required:
The movement in the first half of the day will be based on the speech of ECB President Mario Draghi. Making predictions based on technical analysis will not be the right decision. A break and consolidation above 1.1776 could lead to an increase in the euro to the upper limits of the channel 1.1807 and 1.1843. Going beyond it will form a larger upward trend with the update of 1.1874 and 1.1926.
To open short positions for EUR/USD, the following is required:
The breakdown and consolidation below the level of 1.1748 may trigger a sell-off of the euro, which will lead to a decrease in the area of the lower border of the channel 1.1713 and 1.1681. The breakthrough of these levels will form a larger downward trend in order to update the monthly lows of 1.1627 and 1.1564.
GBP / USD
To open long positions for GBP/USD, you need:
Buyers can return to the market after the breakdown and consolidation above the level of 1.2841, from which one can count on a larger upward movement in the British pound for the purpose of updating to 1.2879 and 1.2914, where I recommend fixing profits. In case of a pound drop in the first half of the day below the level of 1.2810, it is best to go back to the purchases with a false breakdown at 1.2716 or a rebound from 1.2709.
To open short positions for GBP/USD, you need:
Sellers will expect to generate a false breakout in the resistance area of 1.2841 and a return to this level will be an additional signal to open short positions with the expectation of descent and consolidation below 1.2810. The breakthrough of 1.2810 will lead to the formation of a major downward trend with the target of 1.2761 and 1.2709, where I recommend fixing the profit.
Indicators
MA (medium sliding) 50 days - yellow
MA (medium sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20