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EUR/USD
To open long positions on EURUSD, it is required:
Consider new buying of euros after the breakdown and consolidation above 1.2510, or on a false breakdown of 1.2478, which could lead to a new monthly high in the area of 1.2558 with an update of the psychological level of 1.2601, where it is recommended it lock in profits. In the case of a decline in the euro at 1.2478 in the morning, considering the new long positions is best on a rebound from 1.2435, or after the upgrade of the larger support in the area of 1.2388.
To open short positions on EURUSD, it is required:
The formation of a false breakout at 1.2510 and a return to this level can lead to a correction of the euro in the morning to the support area 1.2478, and consolidation below this range will cause a bigger sellout of EUR / USD with an update of the level of 1.2435 and 1.2388, in the case of good data on the US the labor market. With a growth option above 1.2510, one can sell the euro on a false breakout of 1.2558, or on the rebound can be directly on the level of 1.2601.
GBP/USD
To open long positions on GBP/USD, it is required:
Break and consolidation above 1.4275 will be a good signal for the opening of new long positions in the pound with the update 1.4341 and a test of a new high in the 1.4402 area, where it is recommended locking in the profit. In the case of a decline at 1.4233 in the morning, it's best to go back to buying after a false breakout at 1.4191, or on a rebound from 1.4123.
To open short positions on GBP/USD, it is required:
Failure to stabilize at 1.4275, or return to 1.4233 level will be a good signal to increase short positions in GBP / USD with the first goal of reducing to 1.4191 area and updating 1.4123, where it is recommended to secure profit. If the pound is above 1.4275, you can consider selling in the area of 1.4341, or on a rebound from 1.4402.
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