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EUR/USD
To open long positions for EURUSD, it is required:
At the moment, you can consider opening new long positions after a descend and an update of the support at 1.2235, which acted as a resistance in the morning. A consolidation above 1.2289 will lead to new purchases of the European currency with a subsequent exit to 1.2342 and 1.2383, where I recommend locking in profits. If there is no demand for the euro around 1.2235, then it is best to open long positions after the test of 1.2204.
To open short positions for EURUSD, it is required:
The sellers came back to the market a little earlier than I had indicated in the morning. Currently, there is no need to open short positions against the trend. Failure to consolidate and return to the level of 1.2289 will be the first signal to a possible correction of the euro. Otherwise, it is best to open short positions only for a rebound from 1.2342.
GBP/USD
To open long positions for GBP/USD, it is required:
You can consider new purchases of the pound after updating 1.3764 with the formation of a false breakdown in that level, or on a rebound from 1.3733. A break and consolidation above the level of 1.3812 will be an additional signal to increase long positions in the pound for the purpose of testing a new high at 1.3894, where it is advised to lock in profits.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3812, we can expect a correction to the support area of 1.3764 and towards the morning level of 1.3733, where I recommend that you lock in the profit. In the event of growth above 1.3812, you can open short positions on a rebound from 1.3894.
Indicator description
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