Stay 
Trading Conditions
Products
Tools
EUR / USD
To open long positions for EUR/USD, it is required:
New purchases can be considered after the breakthrough and consolidation above the level of 1.2428, which will lead to further growth of the euro in the resistance area of 1.2487 and 1.2533 with the update of the new annual maximum of 1.2565, where I recommend fixing profits. In the case of a decline in the euro after the press conference of the ECB, I recommend that you look for purchases in the area of 1.2339 or on a rebound from 1.2294.
To open short positions for EUR/USD, it is required:
Only a consolidation below 1.2388 will lead to a sellout to a stronger level of 1.2339, and further decline will depend on the decision of the ECB. The main goal of the sellers will be the support areas of 1.2294 and 1.2176, where I recommend fixing profits. If the euro rises after the ECB press conference, it is best to refuse sales, since the upward momentum can be very strong.
GBP / USD
To open long positions for GBP / USD, it is required:
New purchases of the British pound are best viewed after a confident return and consolidation at the level of 1.4284, from which the upward momentum may lead to the renewal of the next high near the level of 1.4402 and 1.4448, where I recommend fixing profits. If the pound drops below the level of 1.4219, it is best to expect a rebound from 1.4137 and 1.4078 for new purchases.
To open short positions for GBP / USD, it is required:
Sellers will try to gain a foothold below the level of 1.4219, which will lead to the formation of a downward correction in GBP / USD pair with the update of larger support levels of 1.4137 and 1.4078, where I recommend fixing profits. In the case of pound growth in the afternoon, I recommend short positions to be returned only after updating to the level of 1.4402 or on a rebound from the level of 1.4448.
Indicators
MA (average sliding) 50 days - yellow
MA (middle sliding) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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.
