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EUR / USD
To open long positions for EURUSD, you need:
Buyers tried to work out the support level of 1.2263 but it was not possible to catch hold of the resistance level of 1.2296. Only a second test, with a breakdown at this level, will open up more areas at 1.2331 and 1.2358 for euro buyers, where it is recommended to lock in profits. In case of a decline under the support level of 1.2263, new purchases of the EUR / USD pair are best sought from the level of 1.2238 and 1.2208.
To open short positions for EURUSD, you need:
While the trade is below 1.2296, the bears will keep pressure on the euro, which could lead to a renewal of the intermediate support level of 1.2263. The breakdown of this level will allow us to count on the test levels of 1.2238 and 1.2208, where it is recommended to lock in profits. In case of growth above the level of 1.2296 in the afternoon, returning to selling is best done on a rebound from 1.2331.
GBP / USD
To open long positions for GBP / USD, you need:
While the trade is above the level of 1.3860, you can expect to maintain demand for the British pound. The fixation above the level of 1.3906 will lead to the continuation of the upward correction with the update to 1.3959 and 1.4003, where it is recommended to lock in profits. In case of a return at 1.3860, consider buying the GBP / USD pair only after a rebound from 1.3803.
To open short positions for GBP / USD, you need:
Another unsuccessful attempt to consolidate above the level of 1.3906 may lead to a repeated sale and downgrade of the GBP / USD pair to the support area of 1.3860. The breakdown of this level will allow us to count on new weekly lows in the area of 1.3803. In case of growth above the level of 1.3906, you can sell the pound immediately after a rebound from 1.3959.
Indicator description:
MA (moving average) 50 days - yellow
MA (moving average) 30 days - green
MACD: fast EMA 12, slow EMA 26, SMA
Bollinger Bands 20
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