14.08.201714:18 Forex Analysis & Reviews: Trading plan for the US session on August 14 EUR / USD and GBP / USD

EUR / USD

To open long positions for EUR/USD, you need:

The morning attempt at growth did not bring the desired result. Currently, the support is provided by the area of 1.1791, from which the rebound is also not noticeable. As long as the pair is above 1.1791, one can count on an upward trend for the euro with a return to 1.1815 and an update of 1.1829. If in the second half of the day the euro continues its decline, then I recommend going back to long positions only from the larger support level of 1.1775, when there is a false breakdown there, or on a rebound from 1.1750.

To open short positions for EUR/USD, it is required:

Sellers will try to maintain a downward trend for the euro, and it will only be possible to consolidate below 1.1791, which opens a direct road to an intermediate support of 1.1775 and a larger level of 1.1750, where I recommend fixing profits. If the euro rises in the second half of the day, I recommend that returning to sales only for a rebound of 1.1829.

GBP / USD

To open long positions for GBP/USD, it is required:

I advise you to return to pound purchases only after returning to the level of 1.2982, which is a kind of middle of the channel, which will allow you to expect an update to 1.3013 and 1.3046. If the pressure on the pound remains, then today you can buy from a large support level of 1.2950, which is the lower limit of the above channel.

To open short positions for GBP/USD, you need:

Finding a pair below 1.2982 leaves a pretty good chance of further reducing the pound in the support area of 1.2950, where I recommend fixing profits. If the pound is above 1.2982, it's best to go back to sales after upgrading to 1.3013 or to rebound from 1.3046.

Indicators

MA (medium sliding) 50 days - yellow

MA (medium sliding) 30 days - green

MACD: fast EMA 12, slow EMA 26, SMA

Bollinger Bands 20