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EUR/USD
To open long positions on EURUSD, it is required:
The break above the 1.1755 level will give a good opportunity to break the current downward trend with an exit at 1.1805 and further update the monthly highs in the area of 1.1855, where it is recommended to lock in the profit today. In case of unsuccessful consolidation at the level of 1.1755, it is advised to postpone the buying of the euro to test the support of 1.1715 or on a rebound from 1.1683.
To open short positions on EURUSD, it is required:
Forming a false breakout and returning to level 1.1755 would be a good signal for opening short positions, and a repeat test of 1.1715 could lead to a larger downward movement with update 1.1683 and an exit at 1.1639. In case of growth above 1.1755, it is recommended to return to selling only after the test of 1.1805 or on the rebound from 1.1855.
GBP/USD
To open long positions on GBPUSD, it is required:
A break above 1.3264 would be a good signal for the opening of long positions on the pound for the purpose of updating 1.3296 and reaching a higher resistance of 1.3317, where it is recommended to record profit. If the pair returns to support level 1.3241, then it is best to return to long positions only after the test of 1.3213 or on the rebound from 1.3187.
To open short positions on GBPUSD, it is required:
A false breakout of 1.3264, or a repeat test of 1.3241, 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 1.3213 and an update to 1.3187, from which we can expect the continuation of a downward trend in the pound by testing for the strength of the weekly low near 1.3146 , where it is recommended to lock in profits. If the pound is above 1.3264, it is advised to pay attention to short positions only after a false breakdown of 1.3296 or a rebound from 1.3317 and 1.3335.
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