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EUR/USD
To open long positions for EURUSD, it is required:
There were no changes in the market. The formation of a false breakout at 1.2397 led to the purchase of the euro, but it was not possible to gain a foothold above 1.2425. Only through a break of this level in the second half of the day would lead the EUR/USD in the resistance area of 1.2458 and towards the update of 1.2502, where I recommend that you lock in the profit for today. In the event of a decline, I recommend postponing the purchase to 1.2356.
To open short positions for EURUSD, it is required:
Only a break and consolidation below 1.2397 will lead to a further sell-off of the European currency with an update of the support level in the area of 1.2356 and the main target of the exit at 1.2325, where I recommend locking in the profit. In case of further growth of the euro above 1.2425, it is best to return to selling immediately for a rebound after the test level of 1.2458.
GBP/USD
To open long positions for GBP/USD, it is required:
Only a break above the resistance level of 1.4037 could bring back the demand for the British pound, which will lead to an update of the level of 1.4079 and a return to the area of last week's highs, to the level of 1.4129. In the event of a re-decrease in support for 1.3996, the pressure on the pound may increase, and therefore, it is best to pay attention to purchases after the test at 1.3949.
To open short positions for GBP/USD, it is required:
As long as the trade is below 1.4037, you can expect a retest of 1.3996, which will lead to a breakdown of this area and a decline of the GBP/USD to the area of 1.3949, where I recommend locking in profits. In the event of growth above 1.4037 in the afternoon, selling of the pound can be expected after the update 1.4079.
Indicator description
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