Stay 
Trading Conditions
Products
Tools
EUR / USD
To open long positions on EURUSD, it is required:
A break above the 1.1840 level will be a good signal to continue buying the euro in order to reach new monthly highs in the areas of 1.1876 and 1.1906, where it is recommend to lock in profits. In case of a decline in the euro in the morning, consider opening new long positions after the update at the level of 1.1803 or on the rebound from 1.1770.
To open short positions on EURUSD, it is required:
The formation of a false breakout and a return to the level of 1.1840 will be the first signal for the opening of short positions in order to return to the first important support level in the area of 1.1803, where large buyers will again announce themselves. If there is no demand for the euro in the area of 1.1803, we can expect a larger downward correction to the area of 1.1770, where it is recommend to lock in profits. In case of growth above 1.1840, you can open short positions after a false breakdown of 1.1876 or a rebound from 1.1906.
GBP / USD
To open long positions on GBPUSD, it is required:
A break above the level of 1.3335 will be a good signal to continue buying the pound for the purpose of updating to the level of 1.3371 and reaching a large resistance level at 1.3412, where it is recommend to lock in profits. If the pair returns below support the level of 1.3317-15, then it is best to consider long positions only after the test at the level of 1.3292 or on a rebound from 1.3257.
To open short positions on GBPUSD, it is required:
The fastening below 1.3317 could move the pound into the support area of 1.3292. The key target of the sellers will be an update of 1.3257. In case of a return and a fastening at 1.3335, it is best to return to short positions after forming a false breakout at 1.3371 or on a rebound from 1.3412.
Indicator description
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA 9
Bollinger Bands 20
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
