EUR / USD

To open a long position on EUR/USD, it is required:

It is recommended to buy back the Euro when it has been set at the level of 1.1408 that directly open the possibility for a weekly high of 1.1437 which will become the first profit taking. In case of failed increase of Euro more than 1.1408 during the first half of the day, it is best to wait until a false breakdown near the 1.1378 area or buy immediately after a rebound from a massive support level of 1.1349.

To open short positions on EUR/USD, you need:

Euro can be sold when it failed to consolidate and return to the level of 1.1408 or the resistance of 1.1437 with a short-stop just above it. A breakout of this level will head towards the 1.1464 region where it is now possible to sell the euro immediately for a rebound today. Breakdown and consolidation below the level of 1.1378 would be a good signal to an increase in short euro positions to update the 1.1349 and 1.1324

GBP / USD

To open a long position on GBP/USD, it is required:

To open short positions on GBP/USD, you need:

Fears in the indicators

• MA (moving average) 50 days - yellow
• MA (moving average) 30 days - green
• MACD: a fast EMA 12, Slow EMA 26, SMA 9
• Bollinger Bands 20
• The forecast for the US session, read my blog