EUR/USD is approaching a key support zone at 1.1250-1.1275. which could be a decision zone for the end of the bearish wave C. The GBP/USD is likely to continue with a bearish wave C to test the support around 1.2550-1.26.
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The EUR/USD is expected to make a bullish reversal for a move up to the target zone around 1.1450-1.15.
The GBP/USD is looking to make one more bearish push before building an inverted head and shoulders reversal chart pattern.
Check out the video below for the full analysis and trade plans on 2-3 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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