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EUR/USD
To open long positions for EURUSD, it is required:
Ahead of the ECB's decision, the situation on the market did not change in comparison with the morning forecast. Only through a break with a consolidation above 1.1837 will the upward trend continue, which will lead to the renewal of new resistance levels at 1.1871 and 1.1900, where it is advised to lock in profits. Buying can also be seen in case of a false breakdown at 1.1804 or immediately on a rebound from 1.1768.
To open short positions for EURUSD, it is required:
An unsuccessful consolidation and the return to the level of 1.1837 could put pressure on buyers, which will lead to a downward correction of the EUR/USD pair in the support area. A breakthrough and this level will provoke a sellout of the euro with an update of 1.1768, where it is advised to lock in profits. In the event of a sustained growth, short positions can be considered in the range of 1.1871, with a false breakdown, or at a rebound of 1.1900.
GBP/USD
To open long positions for GBP/USD, it is required:
A breakthrough of 1.3472 did not take place, as a result of which, a new resistance level of 1.3461 was formed in front of buyers. A consolidation above this range will allow us to rely on continuing the upward trend for the pound with the update at 1.3514 and reaching a new high at 1.3562, where it is advised to lock in the profit. In the event of a decline below 1.3417, I recommend that you return to buying after the test of 1.3389 or on a rebound from 1.3351.
To open short positions for GBP/USD, it is required:
Short positions on the pound are best considered after reducing the intermediate support at 1.3417, which will lead to an increase in pressure on the GBP/USD pair and a renewal of 1.3389, with a very likely yield of 1.3351, where it is advised to lock in the profit. In the event of a growth above 1.3461, short positions are best considered by a rebound of 1.3514.
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