Hi Traders, the EUR/USD has broken above the resistance trend line and critical 21 ema for a good bullish move. Now price needs to break above the 144 ema close to confirm the larger reversal. GBP/USD is stuck in a wedge and is likely to stay in the corrective pattern.
If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you! The EUR/USD must break above 1.13 to confirm the bullish reversal. A break below the support of the channel could indicate a downtrend but the best bearish trigger remains visible on the daily chart.
The GBP/USD breakout is best monitored via daily candles which would be able to push above or below the triangle pattern.
Check out the video below for the full analysis and trade plans on 11-12 Apr 2019:
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