Hi Traders, the EUR/USD seems to have completed a bearish ABC correction at the 38.2% Fibonacci support. The GBP/USD is building a correction within the larger triangle and remains volatile. 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 could soon break above the resistance zone at 1.1315 and start an impulsive wave 3 with a target at the 1.14 and 1.15 round levels. The bullish structure remains intact as long as price stays above the 1.1275 support zone. The GBP/USD breakout is best approached by waiting for a breakout candle followed by a corrective pattern on a lower timeframe. The breakout after the pattern seems to be the best approach.
Check out the video below for the full analysis and trade plans on 16-17 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