the EUR/USD is testing the 61.8% Fib. A bullish reversal is likely if price manages to break above the 21 ema zone but the bears can keep control if price breaks below 1.1210 and 1.11. The GBP/USD has reached the target at 1.25 and needs a new corrective pattern.
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The EUR/USD needs to break above the 21 ema zone before a larger bullish move is likely. A bearish continuation is aiming for the 78.6% Fibonacci retracement level.
The GBP/USD is testing the support and bottom of the daily chart which is a key zone for a bullish reversal or larger downtrend.
Check out the video below for the full analysis and trade plans on 18-19 June 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: