Hi Traders, the EUR/USD could build a bearish reversal if price bounces at the head and shoulders level at 1.1250. The GBP/USD is looking for a downtrend continuation.
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The EUR/USD bullish breakout aims at the 1.130-1.1350 zone whereas a bearish bounce could see price challenge the 1.1180 support zone.
The GBP/USD seems to be building a strong impulse which now could be aiming for 1.2875. Pullbacks into the 21 ema could be used for more downside unless strong bullish momentum appears.
Check out the video below for the full analysis and trade plans on 14-15 May 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
EUR/USD, GBP/USD video:
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