EUR/USD
To open long positions for EURUSD, it is required:
It is best to consider buying the euro after breaking through and consolidating above the resistance of 1.1873. This opens the possibility to restore the level of 1.1900 and update at 1.1932, where it is advised to lock in profits for today. If the EUR/USD pair declines in the second half of the day, it is better to open new long positions for a rebound from 1.1843.
To open short positions for EURUSD, it is required:
While the trade is below 1.1873, we can expect a further decline in the euro in the area of the morning support at 1.1843 with an expectation of its breakdown and a further fall towards 1.1814 and 1.1774, where it is advised to lock in profits. In case the euro rises above 1.1873, it would be best to consider new short positions from 1.1900 or on a rebound from 1.1932.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers excellently worked out the level of 1.3377, which I advised to pay attention to in the morning review, and now the consolidation above 1.3425 will lead to a further upward trend counting on a test of 1.3469 and an exit to new daily highs of 1.3521, where it is advised to lock in profit. In the event of a false breakdown of 1.3425, buying the pound can be best considered after a second test of 1.3377.
To open short positions for GBP/USD, it is required:
Failure to consolidate and a drop below the level of 1.3425 may return new sellers of the pound to the market, which will lead to a re-decline towards the support area of 1.3377. Only a consolidation below 1.3377 will allow you to count on the test of 1.3338 and 1.3299. If the pound is above 1.3425, short positions are best returned after a false breakout of 1.3469 or a rebound from 1.3521.
Indicator description
Moving Average (average sliding) 50 days - yellow Moving Average (average sliding) 30 days - green MACD: fast EMA 12, slow EMA 26, SMA Bollinger Bands 20