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EUR / USD pair
To open long positions for EUR / USD pair, you need:
A break above the level of 1.2272 will open a good outlook for the further growth of the European currency with the update of the weekly highs around 1.2318 and the main target of the exit at 1.2383 resistance level, where fixing profits are recommended. In the case of a decline in the euro under the support level 1.2233 in the morning, it is recommended to return to purchases only for a rebound from 1.2177.
To open short positions for EUR / USD pair, you need:
In the morning, the formation of a false breakout at 1.2274 and a return to this level can lead to a correction of the euro to the support area 1.2233 and consolidation below this range will lead to a sale to a stronger level of 1.2177 and 1.2127 where fixing profits are recommended. In the case of growth above 1.2272, it is best to consider new short positions after testing the level of 1.2318, with the formation of a false breakdown there, or on a rebound from 1.2383.
GBP / USD pair
To open long positions for GBP / USD pair, you need:
The return to 1.3924 level will be a good signal to increase long positions in the pound, in the expectation of updating the new monthly highs in the 1.3970 and 1.4018 areas, where fixing profits are recommended. If the pound declined below the level of 1.3855 in the first half of the day, long positions can only be sought after a rebound from the support level of 1.3823, or even lower, around 1.3758.
To open short positions for GBP / USD pair, you need:
The formation of a false breakout at 1.3924 will be the first signal for the resumption of a downward trend with a view of securing below the intermediate support area at 1.3855, which will lead to a large sale and upgrade of the level of 1.3823 and an exit at 1.3758, where fixing profits are recommended. If the pound is above the level of 1.3924, it is recommended to open short positions only after updating the level of 1.3970 or on a rebound from 1.4018.
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