Stay 
Trading Conditions
Products
Tools
EUR/USD
To open long positions for EURUSD, it is required:
So far, there is no sharp demand for euros and it would be best to consider long positions after a breakthrough and the consolidation above the resistance of 1.2244, which will open the opportunity to update the weekly highs around 1.2318 and 1.2383. In the event of a decline below the level of 1.2197, I recommend that you return to buying the euro after updating 1.2160 or on a rebound from 1.2127.
To open short positions for EURUSD, it is required:
While the trade is below 1.2244, the pressure on the euro will continue. A retest of 1.2197 could lead to a new wave of selling the EUR/USD and an update of key bearish targets towards areas 1.2160 and 1.2127, where I advise that you lock in profits. In case growth above 1.2244 occurs in the afternoon, short positions would be best done after the return to a rebound of 1.2318.
GBP/USD
To open long positions for GBP/USD, it is required:
New purchases of the pound can only be considered after the return and a consolidation above 1.3798, which opens a direct road to the weekly highs around 1.3843 and their update in the area of 1.3894, where I recommend locking in profits. In the event of a retest of 1.3758, it is best to return to long positions in the GBP/USD on a rebound from 1.3707.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3798, we can expect a further correction towards the support area of 1.3758, a second test will lead to a further decline in the GBP/USD with a likely yield of 1.3707 in the afternoon, where I recommend locking in the profit. In the event of growth above 1.3798, you can open short positions on a rebound from 1.3843.
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.
