The EUR/USD showed a massive bearish daily candle break below 1.1250-1.13 and is moving away impulsively from the 21 ema zone. A bearish continuation for at least one more lower low seems very likely. The GBP/USD is reaching a critical deeper Fibonacci levels which could provide a support zone. Write a review on Forex Peace Army and help ECS.
The EUR/USD is likely to use any bullish retracement back to the 21 ema resistance zone as a bouncing spot for further downside. The next targets are are 1.12 and 1.11.
The GBP/USD could be building a contracting triangle chart pattern as part of a larger wave 4 and downtrend.
Check out the video below for the full analysis and trade plans on 13-14 Nov 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