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EUR/USD
To open long positions for EURUSD, it is required:
Another attempt to break above 1.1755-60 did not succeed. I advise a return to buying the euro only after re-consolidating at 1.1760, which could lead to a larger upward trend in the area of 1.1805 and 1.1855, where it is recommended to lock in profits. In the event of a decline in the euro during the afternoon, it would be best to consider long positions for a rebound from 1.1715 or wait for the update at 1.1683.
To open short positions for EURUSD, it is required:
While trading is below 1.1759, we can expect the euro to further decline towards the area of 1.1715, and good US data may lead to the renewal of 1.1683, where it is advised to lock in profits. In the event of a return to the level of 1.1759, short positions are best considered after updating 1.1805 or on a rebound from 1.1855.
GBP/USD
To open long positions for GBP/USD, it is required:
A break above 1.3264 would be a good signal to open long positions in the pound for the purpose of updating 1.3296 and reaching a large resistance of 1.3317, where it is advised to lock in the profit. If the pair returns to the support level of 1.3241, then it would be best to return to long positions only after the test of 1.3213 or on a rebound from 1.3187.
To open short positions for GBP/USD, it is required:
A false breakout of 1.3264 or a retest of 1.3241 will serve as a good signal for increasing short positions in the GBP/USD pair in terms of a decline and a test of large support at 1.3213 and an update of 1.3187, where we can expect the continuation of the downward trend in the pound by testing for the strength of the weekly low near 1.3146, where it is advised to lock in profits. If the pound is above 1.3264, I advise you to only consider short positions after a false breakdown of 1.3296 or a rebound from 1.3317 and 1.3335.
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