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EUR / USD
To open long positions for EUR / USD pair, you need:
Buyers still cannot return above the level of 1.1763. A consolidation will only be the initial signal to increase long positions in the euro which is already in the calculation of recovery of a larger area found at 1.1786, where fixing profits are recommended. In the case of a further decline in the euro, buying euros can be considered only after updating the support at 1.1740 or a rebound from 1.1726.
To open short positions for EUR / USD pair, you need:
Sellers managed to gain a foothold below 1.1763, and while the trade is below this level, a further decline in the euro is expected to be 1.1740 area and an update towards 1.1726, where fixing profits are recommended today. It is the best to consider short positions for the euro after reaching the level of 1.1786 or on a rebound from 1.1815.
GBP / USD pair
To open long positions for GBP / USD pair, you need:
A breakout took place in the area of 1.3241. Currently, long positions can be considered as an option for the pound which is best after upgrading the level of 1.3172. Another option is when a formation of a false breakdown occurs, or on a rebound from the larger support 1.3125. For today, the main goal of buyers will be growth and consolidation above the level of 1.3241.
To open short positions for GBP / USD pair, you need:
Sellers are waiting for the update at the support level of 1.3172, where there will be a larger profit taking on short positions. In case that the volume is nonexistent at this level or the absence of a rapid reversal of the market in the opposite direction, a further wave of GBP / USD decline already in the area of 1.3125 is expected. There is an option for the pound to rise in the afternoon and returning to short positions is recommended after the test from the bottom up to level 1.3241.
Fears of indicators
To familiarize with the basic concepts and the general rules of the TS is possible here.
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