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EUR / USD pair
To open long positions for EUR / USD pair, you need:
For purchases, the level of 1.2296 is acceptable and a larger support area of 1.2268, which one can count on the resumption of growth in euros. An increase above the level of 1.2327 would be an additional signal to increase long positions in euro with a view in returning to the level of 1.2371 and 1.2410. In the case of a larger euro decline in the morning, you can immediately buy at a rebound from 1.2240.
To open short positions for EUR / USD pair, you need:
A break and consolidation below the level of 1.2296 will lead to a further sell-off of the European currency with the main goal of updating the sufficiently large support levels 1.2240 and 1.2208, on which the further direction of the trend will depend. If the euro rises in the first half of the day above the level of 1.2327, you can sell immediately for a rebound from 1.2371.
GBP / USD pair
To open long positions for GBP / USD pair, you need:
Forming a false breakout and returning to the support level of 1.3925 will be the first signal to open long positions in the pound, and consolidating above the level of 1.3962 will increase the chances of customers to upgrade towards 1.4008, where fixing profits are recommended. In case of a further drop in the pound, you can consider new purchases after the test at 1.3879, or on a rebound from 1.3836.
To open short positions for GBP / USD pair, you need:
Breaking and consolidating below 1.3925 will lead to a further drop in the British pound with the main purpose of updating support 1.3879 and 1.3836, where fixing profits are recommended. If the GBP / USD pair rises above 1.3962 in the morning, it is recommended to return in sales only for a rebound from 1.4008.
Indicators' descriptions
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