To open a long position on EURUSD requires:
The euro is expected to be dropped, and now the bears are trying to gain a foothold 1.1167 below. Count on buying in this scenario is possible only after the new update week low in area 1.1138 or directly at the rebound from a major support 1.1111. In case of return to the level, you can also view 1.1167 long positions in the euro with the aim of restoring this afternoon in the area of resistance 1.1195.
To open a short position on EURUSD requires:
Sellers are trying to gain a foothold now below 1.1167, resulting in a further reduction in euro 1.1138 support area, where there will be another profit-taking on short positions. The main purpose of the week of the bears will be the level where 1.1111 also advise profits. In the case of growth today is higher than 1.1167 afternoon sale recommend to defer to test resistance 1.1195.
To open a long position on the GBPUSD is required:
Buyers lb worked 1.2689 level and returned to the support 1.2734 around which continues to be the main trade this week. If a foothold again below 1.2734 fail, I recommend a look buying a pound to return to 1.2799 and with further access to new weekly maximum 1.2849 area. If the pound under 1.2734, returning to long positions recommend only after the formation of a false breakdown at 1.2689.
To open a short position on the GBPUSD is required:
Sellers today have worked in the morning level back to 1.2689 1.2734. Currently, trade has turned around again and if 1.2734 foothold below, you can expect a repeat of the descent to 1.2689 with updating 1.2644 where recommend profits. If the same happens in the afternoon rise, recommend selling the pound after the formation of a false breakdown at 1.2799 either immediately on the rebound from 1.2849.
Fears of indicators
- MA (moving average) 50 days-yellow
- MA (moving average) 30 days-green
- MACD: fast EMA 12, slow EMA = 26, SMA 9
- Bollinger Bands 20
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