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EUR/USD
To open long positions for EURUSD, it is required:
Buyers will try to reach the level of 1.1811 after the morning exit at 1.1777. A breakthrough and consolidation above 1.1811 will open a sensible prospect for the renewal of 1.1843, where it is advised to lock in profits. In the event of a re-decline towards 1.1777, it's better to postpone buying to a larger support of 1.1747.
To open short positions for EURUSD, it is required:
The formation of a false breakout at 1.1811 or a re-descent towards 1.1777 will lead to the formation of another downward wave in the euro with the purpose of updating 1.1747, where it is best to lock in the profit for today. In case there is growth above 1.1811, selling the EUR/USD pair can immediately be rebounded from 1.1843.
GBP/USD
To open long positions for GBP/USD, it is required:
Buyers have perfectly worked out the morning support level, having formed on it a false breakdown, and now the main goal for long positions will be a return to the resistance of 1.3426, where it is advised to lock in the profit. In the event of another decline in the pound during the afternoon, you can immediately open long positions on the rebound after a test of 1.3325.
To open short positions for GBP/USD, it is required:
Opening new short positions on the pound are best sought after trying to return to the morning highs in the area of 1.3426 or to sell the GBP/USD pair immediately on the rebound from 1.3470. The main goal will be to update the weekly low in the area of 1.3325, where it is advised to lock in the profit.
Indicator description
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