FX.co ★ Trading plan for the US session on July 10 EUR/USD and GBP/USD

EUR / USD

To open a long position on EURUSD it is required:

Bulls failed to catch on a level of 1.1407, which stopped the upward morning trend.

To open a short position on EURUSD it is required:

Sellers played the 1.1407 level, however, a larger and more sustained downward trend has not been established.

GBP / USD

For opening long positions on GBPUSD it is required:

Buyers made a false breakdown at a level of 1.2865, which I drew attention to during the morning forecast, and after returning to it the demand for pound resumed.

For opening short positions on GBPUSD it is required:

I recommend the selling of the pound only after updating the current high and a return to the level of 1.2903, or immediately to rebound from a larger resistance level of 1.2953.

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