the EUR/USD is showing signs of a bullish reversal and a break above 1.1250 could start a wave 3 or C towards 1.1340. The GBP/USD remains bearish but is building a strong bullish pullback on the 1-hour chart.
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The EUR/USD bullish scenario is invalidated if the price is able to break below key support at 1.1190. Whether the EUR/USD is in a wave 3 or C depends on the reaction at the resistance zone around 1.1340.
The GBP/USD is above the 21 ema zone on the 1H chart and could retrace back to the 144 ema around 1.2480-1.25, which is a critical decision zone for the potential continuation of the bearish trend.
Check out the video below for the full analysis and trade plans on 18-19 July 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
EUR/USD, GBP/USD video:
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