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EUR/USD
To open long positions for EURUSD, it is required:
You can consider buying the euro after a return and the consolidation at 1.2356, which will allow you to count on the renewal of the area of 1.2388 and the outflow to the daily highs in the area of 1.2419. In the event of a further decline in the euro, you can consider buying after updating support at 1.2319 or immediately to a rebound from 1.2279.
To open short positions for EURUSD, it is required:
While the trade is below 1.2356, the pressure on the euro will continue, which could lead to the next support level of 1.2319. However, the key target of the sellers will continue to be the area of 1.2279, where I recommend locking in the profit. If the euro rises above 1.2356, you can sell immediately for a rebound from 1.2388.
GBP/USD
To open long positions for GBP/USD, it is required:
The level of 1.3938 worked perfectly for purchases and now you can increase long positions for the pound after a re-exit above 1.3988, which opens the highs of the day around 1.4033 and 1.4082, where I advise locking in profits. In case of a repeated return of the GBP/USD to the support area of 1.3938, I recommend that you postpone buying until an upgrade of 1.3890.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3988, the pressure on the pound will be maintained, which may lead to a retest of 1.3938 and also the breakdown of this level. Below are the prospects for access to support at 1.3890, where I recommend locking in profits. In case of growth above 1.3988, sales are best returned after the test 1.4033 or on the rebound from 1.4082.
Indicator description
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