Hi Traders, the EUR/USD is showing a bearish break below the uptrend channel. The GBP/USD is moving lower too but needs to break below 1.30 before a reversal is more likely.
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 needs to have a clear and clean break below 1.1250 before a downtrend is possible. If however major wick on the bottom of the daily candle becomes visible, then a bullish reversal is likely and price could have completed a bearish retracement.
The GBP/USD is showing the same type of bearishness but price is approaching a key support zone at 1.30.
Check out the video below for the full analysis and trade plans on 18-19 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