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EUR/USD
To open long positions for EURUSD, it is required:
The situation in comparison with the morning forecast remains unchanged. Only a break with a consolidation above 1.2449 will lead to a second wave of growth in the European currency with the renewal of a resistance at 1.2532, where I recommend that you lock in the profit for today. In the event of a decline towards the level of 1.2389, you can consider new long positions after the formation of a false breakdown at 1.2339 or a rebound from 1.2255.
To open short positions for EURUSD, it is required:
The steadying below 1.2389 may lead to a sellout in the strong support area of 1.2339, where I recommend locking in profits. In case of a more powerful downward momentum, the EUR/USD could collapse into the support area of 1.2255. The formation of a false breakout and a return below 1.2449 will also indicate the presence of euro sellers in the market.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers lost the level of 1.4086 and count on their return only after a consolidation above 1.4086, which will lead to a larger upward impulse in the area of 1.4159, where I recommend locking in profits. In the event of a further decline in the pound, it is best to pay attention to long positions after the test at 1.4015, or immediately buy the GBP/USD for a rebound from 1.3920.
To open short positions for GBP/USD, it is required:
Sellers are trying to gain a foothold at 1.4086, and while the trade is below this range, you can continue to rely on a continued drop in the pound with the update at 1.4015 and the key target of reaching a more powerful level of 1.3920, where I recommend locking in profits. In case of a return to 1.4086, you can open short positions immediately towards a rebound with a test of 1.4159.
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