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Trading Conditions
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EUR/USD
To open long positions for EURUSD, it is required:
While the trade is above 1.1719, there is a chance for a second attempt to recover to the resistance area of 1.1755, and then to a larger yield to the weekly highs in the 1.1805 area. In the event of a breakthrough at 1.1719, it would be best to consider new long positions after upgrading 1.1683 or on a rebound from 1.1639.
To open short positions for EURUSD, it is required:
Significant changes did not occur against the background of the lack of important data. At the moment, selling the euro can be considered after a consolidation below 1.1719, which will lead to more support levels at 1.1683 and 1.1639, where it is advised to lock in profits. In case there is growth above 1.1755, it is advised to consider selling only after updating the level of 1.1805.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers left the market after an unsuccessful attempt to increase above 1.3263, which led to the selling of the pound. At the moment, it would be best to buy the GBP/USD pair after a steadying towards 1.3240 or after a downward movement towards the area of 1.3187. The main goal will be to go beyond 1.3263 with the update at 1.3296.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3240, the bears can try to return the pair to a good support level of 1.3187. A consolidation below will lead to an instant sellout of the GBP/USD pair towards the support area of 1.3146, where it is advised to lock in profits. In the event of a return to 1.3240, it is best to open new short positions after updating 1.3263 or towards a rebound from 1.3296.
Indicator description
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