Stay 
Trading Conditions
Products
Tools
EUR / USD
To open long positions on EURUSD, it is required:
Counting on the new buyers of the euro is best after updating the support level in the area of 1.1764, with the formation of a false breakdown there, or immediately on a rebound from a larger area of 1.1727. If the euro rises to intermediate resistance at 1.1808 in the first half of the day, we can also expect an upward correction to continue to the level of 1.1845, where it is recommended to lock in profits on long positions.
To open short positions on EURUSD, it is required:
Sellers will aim today at 1.1764 while trading is below 1.1808. A break and consolidation below this level will lead to a larger downward trend with the update at 1.1727, where it is recommended to lock in profits. In case of return to the level of 1.1808, short positions on the euro are best to postpone to a larger level of 1.1845.
GBP / USD
To open long positions on GBPUSD, it is required:
Returning to buying the pound is best after consolidating at 1.3293, from which you can count on a larger upward movement with a breakout at 1.3334. Above this level, bullish momentum could bring the GBP / USD pair to an early and new monthly high of 1.3412, where it is recommended to lock in profits. In case of a pound drop in the morning, returning to long positions is best after a rebound from 1.3208, or from a level of 1.3248, provided a false breakdown is formed.
To open short positions on GBPUSD, it is required:
While the trade is below 1.3292, we can expect a further decrease in the pound to the area of intermediate support at 1.3248. Consolidation under this level will lead to a larger downward wave with the update at 1.3208, where it is recommended to lock in profits. If the pound is above 1.3292, considering short positions is best after updating to 1.3334 or by a rebound from 1.3412.
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
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
