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EUR/USD
To open long positions for EURUSD, it is required:
The main goal of buyers on Wednesday is a resistance of 1.1899. A consolidation above this level will open a new road to a peak in the area of 1.1930, where it is advised to lock in profits. In the event of a decline in the euro in the second half of the day, long positions can be considered after updating 1.18666 or on a rebound from 1.1830.
To open short positions for EURUSD, it is required:
The false breakout and a return at 1.1899 will be a good signal for opening short positions in the euro with an outlook to fall towards the area of 1.1866, where I recommend that you lock in profits. The main goal of sellers will be an output at 1.1830. In case of growth above 1.1899, the euro can be sold for a rebound of 1.1930.
GBP/USD
To open long positions for GBP/USD, it is required:
It would be best to consider new purchases of the pound after a return and the update of support at 1.3388, or immediately towards a rebound from 1.3366. In the event of a consolidation above 1.3417, the demand for the British pound may lead to a larger monthly resistance in the region of 1.3447, where it is advised to lock in the profit.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return to the level of 1.3417 could lead to an increase in pressure on the British pound, which will allow us to return to daily support levels around 1.3388, with the main purpose of updating 1.3366. In case of growth above 1.3417, you can open short positions on the pound for a rebound from 1.3447.
Indicator description
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