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EUR/USD
To open long positions for EURUSD, it is required:
Buyers tried to keep the morning level of 1.1980, but a big rebound from it did not happen. At the moment, it's best to return to buying the euro after the support of 1.1947 is updated or immediately towards a rebound from 1.1909. To be able to secure above the intermediate resistance of 1.2006 may also lead to a larger upward movement with a return towards 1.2044.
To open short positions for EURUSD, it is required:
While trading is under 1.2006, you can expect a continuation of the morning bearish scenario of a renewal of 1.1980 and a further exit at 1.1947. The key target will be the area of 1.1909, where it is advised to lock in profits. In the event of a growth above 1.2006, selling the EUR/USD pair would be best done at once towards a rebound from 1.2044.
GBP/USD
To open long positions for GBP/USD, it is required:
It is better to consider new long positions after a return and a consolidation towards 1.3547, which will lead to the demolition of a number of stop-orders of sellers and the likely upgrade of the level of 1.3581, which was formed during the Asian session in the morning. In case the GBP/USD pair further declines, long positions can be found on the test of 1.3506 with the formation of a false breakdown or immediately on a rebound from 1.3479.
To open short positions for GBP/USD, it is required:
While the trade is below 1.3547, we can expect the GBP/USD to further decline with the first update at the target of 1.3506 and the main target for the exit at 1.3479, where I recommend that you lock in the profit. In case of growth above 1.3547, I advise that you pay attention to selling only after the test of 1.3581 or on a rebound from 1.3614.
Indicator description
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