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EUR / USD
To open long positions on EURUSD, it is required:
The goal for the buyers to achieve is 1.1722 was fulfilled, and now only the breakdown with the consolidation. In the case of unsuccessful consolidation above 1.1685, new long positions can be considered in the area of 1.1685.
To open short positions on EURUSD, it is required:
False breakdown and return to the level of 1.1722 will be the first signal for the opening of new short positions in the European currency. The main goal will be the update of support 1.1685, consolidation below which will lead to sales and upgrade of a larger level 1.1639, where today, it is recommended to fix the profit. In the case of the euro rising above 1.1722, it is recommended to return to short positions only for a rebound from 1.1759.
GBP/USD
To open long positions on EURUSD, it is required:
Purchases are best seen after consolidation above 1.3124, which may lead to the renewal of the larger resistance levels 1.3160 and 1.3186, where today it is recommend fixing profits. If the pound falls again to support level 1.3077, then it's better not to rush with long positions on GBP / USD, and wait for the update at 1.3040.
To open short positions for GBP/USD, it is required:
The formation of a false breakout and a return to the level of 1.3124 will be a good signal for the opening of short positions on the pound for the purpose of a second test and breakdown of 1.3077, which will open a direct road to the low of the month around 1.3040, where it is recommended to lock in profits today. In case of growth above 1.3124, it is advised to go back to the rebound from 1.3160.
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