? EUR/USD, GBP/USD Analysis & Setups 14-16 June ’18 ?

2 min read

Dear traders,

the EUR/USD, GBP/USD are showing bull flag chart patterns and a break of last week’s high is likely despite the rate hike on the USD.

The EUR/USD remains choppy and corrective, even after the the decision from the FED to raise interest rates in the US by 0.25% up to 2%. The bull flag chart pattern is indicating a potential bullish breakout towards the 50% Fib area around 1.1950-1.20.

The GBP/USD is also challenging the resistance trend line of the downtrend channel. A bearish bounce could indicate a downtrend continuation but only if price is able to break below 1.33 whereas a bullish breakout could see price move towards 1.35-1.36 targets.


Check out the video for the full analysis and trade plans on 14-16 June 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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