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EUR/USD
To open long positions on EURUSD, it is required:
Buyers did not manage to get above 1.2510 in the morning, and now it's best to return to long positions after the formation of a false breakout at 1.2478 or on a rebound from a larger support level of 1.2435. The main target for long positions is a new high of the last month in the region of 1.2558.
To open short positions on EURUSD, it is required:
While the trade is below 1.2510, there is a possibility of further decline of the euro, and breakdown and consolidation below 1.2478 will open a good opportunity for a further EUR/USD fall into the region of larger support levels 1.2435 and 1.2388, where it is recommended fixing profits. If the euro rises above 1.2510 in the afternoon, consider short positions can immediately be rebounded from 1.2558.
GBP/USD
To open long positions on GBP/USD, it is required:
It is recommended to consider new buying of pound after the formation of a false breakdown in the area of intermediate support 1.4191, but it is best to wait for the update 1.4123, and buy GBP/USD from there immediately to a rebound. In the case of consolidation above 1.4275, an upward trend in the pound will lead to resistance area 1.4341 and 1.4402.
To open short positions on GBP/USD, it is required:
While the trade is below 1.4233, it can be expect further decline in GBP/USD to the region of larger support 1.4191 with a likely update to 1.4123, where it is recommended to lock in profits. In the case of growth above 1.4233, it is possible to open new short positions after another unsuccessful fastening above 1.4275 or immediately to a rebound from 1.4341.
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