? EUR/USD, GBP/USD Analysis & Setups 18-19 Dec ’18 ?

2 min read

Hi Traders, the EUR/USD remains in a choppy correction but could finally be ready for a larger bullish breakout if price bounces at 1.13-1.1325 support zone. The GBP/USD is in a strong downtrend but a break above 1.27 could start a bullish zigzag. Do you want to leave your feedback? Please write a review on Forex Peace Army.

The EUR/USD seems to have completed a complex berish WXY pattern. The wave patterns remain bullish as long as price does not close below 1.1270 support. A bullish bounce at 1.13 could confirm the start of a bullish swing.

The GBP/USD downtrend has a large space to the downside available if it is able to break below the support trend line. A bullish break above 1.27 however could indicate a larger bullish correction.

Check out the video below for the full analysis and trade plans on 18-19 Dec 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

EUR/USD, GBP/USD video:

Good trading, Chris Svorcik Elite CurrenSea

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