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EUR/USD
To open long positions for EURUSD, it is required:
An attempt to consolidate above 1.1880 was unsuccessful. At the moment, a return to long positions for the euro would be best done after the consolidation above 1.1886, in order to reach 1.1932. The formation of a false breakout and a return to 1.1858 will also allow you to rely on an update of 1.1886. Otherwise, opening new long positions for the euro would be best done for a rebound from 1.1833.
To open short positions for EURUSD, it is required:
Only a consolidation below 1.1858 will lead to the formation of pressure on the euro and the renewal of support at 1.1833. The main goal for short positions will be a test of 1.1806, where it is advised to lock in profit. In the event of a growth above 1.1886, it is best to postpone selling the EUR/USD pair to 1.1932 and sell in that area immediately for a rebound.
GBP/USD
To open long positions for GBP/USD, it is required:
It is better to consider new purchases of the pound after the return and consolidation towards 1.3378, from which it will be possible to rely on a renewal of 1.3417, where it is advised to lock in the profit. In case of a further decline in the GBP/USD pair, new long positions can be opened immediately towards a rebound of 1.3332.
To open short positions for GBP/USD, it is required:
The break and consolidation below the level of 1.3358 will form a new wave of pressure on the British pound, which will lead to larger selling with an update of 1.3332 and the main target of the exit at 1.3309, where it is advised to lock in the profit. In case of growth above 1.3378, you can return to selling the pound immediately towards a rebound from 1.3417.
Indicator description
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