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EUR / USD pair
To open long positions for EUR / USD pair, you need:
Currently, it is best to return buying the euro after the breakdown and consolidation above the high of the day in the region of 1.1778, which will allow the bulls to return to more significant resistance levels around 1.1815 and 1.1845. In the case of a decline in the euro in the afternoon, it is best to return purchasing the pair after the minimum renewal in the area of 1.1731.
To open short positions for EUR / USD pair, you need:
The sellers will prove themselves after the test at the resistance level of 1.1778. A formation of a false breakdown on it will be an additional signal to increase short positions in the expectation of updating at the level of 1.1750 and return to the day's low in the area of 1.1731. If the euro rises above 1.1778, it is recommended to open new short positions for a rebound from 1.1815.
GBP / USD pair
To open long positions for GBPUSD, you need:
It is recommended buying the pound after the breakdown and consolidation above 1.3180 in order to reach 1.3231, where fixing profits on long positions are suggested. If the pound declined in the second half of the day, new purchases of the GBP / USD pair can be considered after upgrading the support level of 1.3125, or at a rebound of 1.3075.
To open short positions for GBPUSD, you need:
While the trade positioned is below teh level of 1.3180, traders can rely on the continuous downward trend with the update of the day low in the area of 1.3125 and test the new weekly low around 1.3075. In the case of the pound rising above 1.3180, it is possible to open new short positions immediately after a rebound from resistance level of 1.3231.
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