EUR / USD
To open long positions on EURUSD, it is required:
The plan with purchases has not changed. Only the breakdown and consolidation above 1.1743-50 could lead to a larger upward trend with the update of the upper border of the channel to 1.1776, where it is recommended to lock in profits. Given that most of the US markets will be closed in the afternoon, volatility is expected to be quite low. In case the euro moves to the level of 1.1713, it is best to open new long positions after testing the support area of 1.1684.
To open short positions on EURUSD, it is required:
Unsuccessful attempts to consolidate above 1.1743 and return to this level will be a signal to increase short positions in the euro. Selling on the rebound is best after testing the level of 1.1776-85. The breakdown and consolidation below the support level of 1.1713 will lead to the demolition of a number of stop orders and the renewal of a larger area to 1.1684, where it is recommended to lock in profits today.
GBP / USD
To open long positions on GBPUSD, it is required:
The buyer is gradually approaching the level of 1.3191, where it is recommended to lock in profits. It is best to expect new purchases of the British pound today after the support level at 1.3140 is reduced and updated. In case of the breakdown and consolidation above 1.3191, the upward trend may be continued to the resistance area of 1.3245.
To open short positions on GBPUSD, it is required:
Sellers will show themselves at the approach to a large resistance level at 1.3191, and the formation of a false breakdown on it will be an additional signal to increase short positions on the pound in the expectation of a continued downward trend. A return to level 1.3140 could lead to a larger sale of the British pound with an update of 1.3089 by the end of the day.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20