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EUR/USD
To open long positions for EURUSD, it is required:
Buyers made it to the intended goal during the morning, but whether they manage to climb above 1.1876 remains uncertain. Most likely, since several markets are closed due to the Black Friday and Thanksgiving Day in the US, volatility and trading volume will be low. Thus, expect the euro to rebound better after returning to a support of 1.1840.
To open short positions for EURUSD, it is required:
The false breakdown and a return below 1.1876 could lead to a larger downward correction towards the area of 1.1840. Considering the holiday, it is unlikely to expect a larger decline in the euro towards 1.1810 for Friday.
GBP/USD
To open long positions for GBP/USD, it is required:
Bulls played the morning support level, and while the pair is trading above 1.3308, a larger uptrend in the area of 1.3347 can be expected, where it is advised to lock in profits. In the event of a re-decline of the pound towards 1.3308, it is best to consider buying in the area of 1.3280.
To open short positions for GBP/USD, it is required:
Selling the pound would be best considered after updating the monthly high at 1.3347 with the main goal of a decline towards 1.3308. A re-test of 1.3308 could lead to a larger selling of the GBPUSD pair with an exit at 1.3280, where it is advised to lock in the profit.
Indicator description
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.
