EUR / USD
To open long positions for EUR/USD, it is required:
There are no serious changes in the plan. The repeated attempt of the bulls to reach the level of 1.1915 can be successful, and a real breakdown with fixation will lead to an EUR / USD return to the area of the Friday's maximum at 1.1974, where I recommend fixing the profit. If the euro goes below 1.1875, I recommend that you go back to buying only after updating the level of 1.1827 or to rebound from 1.1790.
To open short positions for EUR/USD, it is required:
In the first half of the day, a false breakdown was formed at the level of 1.1915. While the trade is conducted at this level, we can count on further reduction of the euro to the support area of 1.1875, with the main goal of reaching 1.1827. In the case of growth above 1.1915, I recommend that returning to sales only for a rebound from 1.1974.
GBP / USD
To open long positions for GBP/USD, it is required:
Buyers have formed a new support level of 1.2937 and are gradually moving towards 1.2971. Only a break above this level will create a good signal to the new long pound positions with an exit at 1.3014. However, we should not forget that in the second half of the day, volatility will be very low due to the Labor Day in the US, so there can be no directional movement. In the case of a pound drop, it is best to go back to the rebound from 1.2906 to buy.
To open short positions for GBP/USD, it is required:
Sellers will try to form a false breakdown at the level of 1.2971 in the afternoon, and a return to it will be a signal to open short positions for the update of 1.2937. In the case of a larger increase above 1.2971, which is unlikely, considering the Labor Day in the US, you can sell the British pound immediately to a rebound from 1.3014.
Indicators
MA (medium moving) 50 days - yellow
MA (middle sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20