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To open long positions on EURUSD, it is required:
Considering new long positions is best provided that a false breakout occurs at 1.2216 and returns to this level in the afternoon, or after the upgrade of a larger support level of 1.2176. The return and consolidation at the 1.2250 resistance will also be a definite signal to increase long positions in EUR/USD with the purpose of updating to 1.2291.
To open short positions on EURUSD, it is required:
While the trade is below 1.2250, we can expect further decline in the euro in order to update the level of 1.2216 and the main target of entering a new weekly low in the area of 1.2176, where it is recommended to lock in profits. In the case of an increase above 1.2250, selling the euro is best on a rebound from 1.2291.
GBP/USD
To open long positions on GBP/USD, it is required:
The pound buying resumed after the decision of the Bank of England on interest rates, but are limited to 1.3988 area. Only a break and consolidation above this range will make it possible to count on further growth to 1.4064. In case of a decline of one can look for long positions after updating 1.3935 or on a rebound from 1.3877.
To open short positions on GBP/USD, it is required:
Sellers have reached the level of 1.3988, but so far there has been no serious selling. While the trade is below this range, you can expect a re-decrease to 1.3935, and a break of this level will lead to daily lows in the area of 1.3877, where it is recommended to lock in profits. In the case of growth above 1.3988, one can sell the pound for a rebound of 1.4064.
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