Stay 
Trading Conditions
Products
Tools
EUR/USD
To open long positions for EURUSD, it is required:
According to the morning forecast, nothing has changed in the market. It is better to consider buying the euro after consolidating above 1.2345, after which you can expect the recovery of the EUR/USD in the area of a larger resistance of 1.2388 and an update of 1.2419, where I recommend locking in profits. In case the euro declines in the afternoon, you can count on buying after the formation of a false breakout at 1.2303 or on a rebound from 1.2279.
To open short positions for EURUSD, it is required:
While the trade is below 1.2345, the bears will maintain the pressure on the euro, which may lead to the renewal of the intermediate support at 1.2303 and to the test of a stronger level of 1.2279, where I recommend locking in profits. In the event of growth above 1.2345 in the afternoon, sales are best returned to a rebound from 1.2388.
GBP/USD
To open long positions for GBP/USD, it is required:
The sellers missed the morning support level, and now it's best to go back to long positions for the pound after forming a false breakout in the area of 1.3901 or buying the GBP/USD immediately to rebound from 1.3836. A steadying above 1.3952 will also be an additional signal to buying the pound with the main goal of returning to daily highs in the area of 1.3997.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3952, the pressure on the pound will be maintained, which can lead to the test of 1.3901 and a breakdown of this level, below which there are prospects for access to a support of 1.3836, where I recommend locking in profits. In case of growth above 1.3952, it is best to return to selling immediately for a rebound from 1.3997.
Indicator description
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
