EUR / USD

To open long positions for EUR / USD pair, you need:

It is advised to return in buying the euro when the attempt for consolidation has been successful above the level of 1.1754. This opens the opportunity to update the upper maximum of the channel at 1.1792 where it is recommended to fix the profit for today. In the case of a decline in the euro in the morning, purchases are seen after a false breakdown in the level of 1.1726 or a rebound from a bigger support which is located in the lower border of the channel at 1.1681.

To open short positions for EUR / USD pair, you need:

Sellers will rely on the formation of a false breakdown at 1.1754. A return to this level will lead to a new downward wave in the euro with an update to 1.1726 and an exit to the low of last week in the area of 1.1681. The rise of the euro above 1.1754 may be limited to the resistance level of 1.1770. However, if there is no downward turn, it is recommended to postpone the selling to the resistance level of 1.1770.

GBP / USD

To open long positions in GBP / USD pair you need:

For today, it is recommended to rely on purchases on the pound after an unsuccessful attempt to update the minimum of the last week in the area of 1.2841-1.2835.

To open short positions for GBP / USD pair, you need:

Today, it is not recommended to Rely on the breakdown and consolidation below 1.2841-35 since there are no important fundamental data that could lead to the formation of a trend movement. An unsuccessful attempt for growth and a return to level 1.2880 will be the first signal for the opening of short positions. However, a more optimal level for sales is located in the area of 1.2914.

Fears of indicators

• MA (average sliding) 50 days - yellow
• MA (average sliding) 30 days - green
• MACD: fast EMA 12, slow EMA 26, SMA 9
• Bollinger Bands 20

To familiarize with the basic concepts and the general rules of the TS is possible here.

Forecast for the American session read on my blog