FX.co ★ Trading plan for the European session on July 21 EUR/USD and GBP/USD

EUR/USD

To open long positions on EURUSD, it is required:

After yesterday's speech by Mario Draghi, the demand for the euro will continue today.

To open short positions on EURUSD, it is required:

Sellers today will try to form a divergence on the high of yesterday, and a return to the resistance level.

GBP/USD

To open long positions for GBPUSD, it is required:

While the pound is above 1.2970, you can count on further increase.

To open short positions on GBPUSD, it is required:

Sellers of the British pound will expect to return and consolidate below the level of 1.2970, which will lead to a larger downward correction to the support area. 1.2917 and 1.2863, where I recommend fixing profits.

Fears indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA 9
• Bollinger Bands 20