Hi Traders, the EUR/USD is testing a key support zone. The pair is expected to show a bullish reversal and aim for 1.1750. The GBP/USD is unable to break north and will probably build a bearish wave C. Do you want to leave your feedback? Please write a review on Forex Peace Army.
The EUR/USD needs to break above the resistance zone at 1.14 and 1.1450 to confirm the bullish reversal and continuation higher.
The GBP/USD remains indecisive but a bearish ABC within a bullish ABC seems the most likely scenario.
Check out the video below for the full analysis and trade plans on 17-19 Jan 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