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