EUR / USD
To open long positions on EURUSD, it is required:
Opening new long positions is best provided that a false breakout occurs in the area of 1.2354 and returns to this level in the second half of the day or to a rebound from 1.2305. The main target of the buyers will be a repeat test and upgrade to the level of 1.2406, where it is recommended to lock in the profits.
To open short positions on EURUSD, it is required:
The morning levels for selling the EURUSD pair was perfect and at the current moment, you can add to the short position after breaking through and consolidating below 1.2354. This will open new lows in the area of 1.2305 and 1.2251, where it is recommended to lock in the profits. If the euro rises in the second half of the day, you can immediately sell at a rebound from 1.2406.
GBP / USD
To open long positions on GBP / USD, it is required:
Opening new long positions is recommend only after the formation of a false breakout in the support area 1.3865 or the better option is to wait for the update at 1.3805 and buy the GBP / USD from there immediately reach a rebound. The main goal of buyers will be the return and consolidation above 1.3927, which will lead to an increase in demand for the pound and the renewal of the morning resistance to 1.3989.
To open short positions on GBP / USD, it is required:
While the trade is below 1.3927, we can expect further decline in the GBP / USD pair to the area of the larger support level of 1.3865 with a very likely upgrade to 1.3805, where it is recommended to lock in the profits. In case of a return to 1.3927 in the afternoon, you can immediately open a new short position to rebound from the resistance level of 1.3989.
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