? EUR/USD, GBP/USD Analysis & Setups 10-11 July ’18 ?

2 min read

The EUR/USD is building a bearish wave 4 and is expected to move up higher within a wave 5. The main target is around 1.1850 but price should not break below 1.1690 or close below 1.1720, otherwise the upside is invalidated and bears are taking back control. The GBP/USD fell hard yesterday after the Brexit news and is expected to build a bearish ABC zigzag.

The EUR/USD is either building a expanded bullish wave 4 and could return to a downtrend after hitting 1.1850 or price action is now completing an expanded wave W within a larger wave B.

The GBP/USD has bounced at the expected target and price is either in a wave 4 or 2. It will depend on how price moves lower as it will probably break down for more lower low when considering the bearish momentum

Check out the video for the full analysis and trade plans on 10-11 July 2018:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Good trading,

Chris Svorcik

Elite CurrenSea

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