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EUR/USD
To open long positions on EURUSD, it is required:
While the trade is above 1.1731, there is a chance of recovery in the area of 1.1772, consolidation above which could result in a larger upward trend with the update to 1.1805, where it is recommended to record profits. In the case of a decline under the level of 1.1731, it is advised to delay the buying of euro until the support of 1.1683 is updated or on a rebound from 1.1639.
To open short positions on EURUSD, it is required:
Repeated test of 1.1731 may lead to its breakdown, and consolidation below this level will be an additional signal to increase short positions for the purpose of updating to 1.1683, and the resolution on the testing of 1.1639, where it is recommended to lock in profit today. In case the euro rises in the first half of the day, one can focus on short positions after the formation of a false breakout in the area of 1.1772 or on a rebound from 1.1805.
GBP/USD
To open long positions on GBPUSD, it is required:
A break above 1.3263 would be a good signal for the opening of long positions on the pound for the purpose of updating to 1.3296 and reaching a large resistance of 1.3317, where it is recommended fixing the profit. If the pair returns below support level 1.3237, then it is best to return to long positions only after the test 1.3187 or on the rebound from 1.3146.
To open short positions on GBPUSD, it is required:
A false breakout of 1.3263, or a repeat test of 1.3237, will serve as a good signal for an increase in short positions in GBP/USD in terms of decline and a test of large support at 1.3187, where it can be expected to continue the formation of a downward trend for the pound with an update of 1.3146, where it is recommended to record profits. If the pound is above 1.3263, it is advised to focus on short positions only after a false breakdown of 1.3296 or on a rebound from 1.3317 and 1.3335.
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