EUR/USD

To open long positions for EURUSD, it is required:

Bulls hit the morning targets and retreated from the market. At the moment, it would be best to consider buying when a correction and a false breakdown is formed at 1.1763, or for a rebound from 1.1725. The steadying above 1.1803 on the retest will also be an opportunity to increase long positions in order to update the highs of the previous week in the area of 1.1855.

To open short positions for EURUSD, it is required:

While the trade is below 1.1803, there is a possibility of a decline and a test at 1.1763, where it is advised to lock in profit on short positions. In the event of a rebound towards a resistance of 1.1803, it would be best to return to selling the euro with an update of 1.1855.

GBP/USD

To open long positions for GBP/USD, it is required:

It is advised to consider buying the pound when a correction and the test of support is at 1.3229, where by this time can be collected and moving averages. The main calculation will be for a return and a break above 1.3272, from which you can count on a new upward wave of the GBP/USD pair with a target of 1.3310.

To open short positions for GBP/USD, it is required:

While the trade is below 1.3272, the bears can try to return the pair to a good support level of 1.3229, the consolidation below will lead to an immediate sellout of the GBP/USD pair towards the support area of 1.3187, where it is recommended to lock in profits. In the event of a return to 1.3272, opening new short positions would be best done after upgrading 1.3310 or on a rebound of 1.3334.

Indicator description

• Moving Average (average sliding) 50 days - yellow
• Moving Average (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA
• Bollinger Bands 20