EUR / USD
To open long positions on EURUSD, it is required:
A return to long positions on the euro is possible under the condition of a breakthrough and a fastening at the level of 1.1775, from which it will be possible to count on a larger upward correction to the areas of 1.1810 and 1.1843, where it is recommended to lock in profits. In case of a further decline in the euro, opening new long positions are best in the area of 1.1737 or on a rebound from 1.1715.
To open short positions on EURUSD, it is required:
While the trade is below 1.1775, we can expect further decline in EUR / USD with the main purpose of updating to the area of 1.1737 and 1.1715, where it is recommended to lock in profits. In case of the growth of the euro in the morning, opening new short positions are best considered after updating to 1.1810 or on a rebound from 1.1843.
GBP / USD
To open long positions on GBPUSD, it is required:
Opening new long positions on the pound is recommended after the break and consolidation above the level of 1.3521. This will allow us to count on the renewal of 1.3562 and the release to new monthly highs near 1.3590, where it is recommended to lock in profits. In case of a pound drop in the morning, opening new long positions can be done after updating to 1.3464 or on a rebound from 1.3421.
To open short positions on GBPUSD, it is required:
Forming a false breakout at 1.3521 and returning to this level will be the first signal to open short positions in the pound for a return to 1.3464. A fastening below 1.3464 could lead to larger sales of the GBP / USD pair with an update to 1.3421 and 1.3370, where it is recommended to lock in profits.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20