FX.co ★ Trading plan in the US session on July 20 EUR/USD and GBP/USD

EUR / USD

To open a long position on EURUSD, you need to:

Demand for the euro increased after a speech from ECB President Mario Draghi.

To open a short position on EURUSD, you need to:

I do not recommend selling the euro today.

GBP / USD

To open a long position on GBPUSD, you need to:

Buyers of the pound will remain in the market while the pair stays above 1.2966, which will update current resistance levels of 1.3014 and 1.3048, where I recommend locking in profits.

To open a short position on GBPUSD, you need to:

Sellers can return to the market only with a return and consolidation option that is below 1.2966, which will open a direct road to the area of weekly support levels of 1.2917 and 1.2863.

Indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: a fast EMA 12, Slow EMA 26, SMA
• Bollinger Bands 20