Hi Traders, the EUR/USD finished a bearish ABC zigzag pattern and seems to be on the rise again. The EUR/USD is expected to finish a wave A at 1.1450-1.15 and then make a bearish ABC again for wave B before completing a bullish wave C. Write a review on Forex Peace Army and support ECS.
The EUR/USD correction keeps moving sideways but a larger WXY correction could finally be finished if price manages to break above the resistance trend line and around levels of 1.14 & 1.15.
The GBP/USD remains volatile due to the Brexit news. A strong bearish push was followed by an equally impulse bullish push. The daily candlestick pattern is indicating that more upside might be more likely.
Check out the video below for the full analysis and trade plans on 13-15 Dec 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