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EUR/USD
To open long positions for EURUSD, it is required:
The situation remains unchanged compared to the morning forecast. I advise that you count on buying only after a return to an intermediate level of a resistance at 1.2252, with the main goal of growth towards 1.2294, as the consolidation above this level opens new monthly highs in the area of 1.2342 and 1.2383, where I recommend locking in profits. In the event of a decline in the euro in the afternoon, a return to long positions would be best executed for a rebound from 1.2169.
To open short positions for EURUSD, it is required:
While the trade is below 1.2252, we can expect the euro to further decline towards the support area of 1.2215 with an update of a larger level of 1.2169, where I advise you to lock in profits. If the euro rises above 1.2252, it is best to return to short positions after a false breakout of 1.2294 or towards a rebound from 1.2342.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers tried to improve the level of support at 1.3933, which I advised that you pay attention to during the morning review. However, the rebound upwards that was initially anticipated did not happen. With a retest at 1.3933, its breakdown can take place, therefore, I recommend that long positions be postponed until an update of the larger support 1.3886 is updated.
To open short positions for GBP/USD, it is required:
A retest at 1.3933 may lead to the continuation of the pound's decline with the first goal of reaching the level of 1.3886, and the main purpose of the update at 1.3839, where I recommend locking in the profit. In case the GBP/USD grows in the second half of the day, short positions are best considered for a rebound from 1.3995.
Indicator description
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