The EUR/USD is moving higher quickly and is showing a bullish reversal. Price will probably make a bearish bounce at the 1.15 resistance zone first. The GBP/USD is expected to complete a bullish ABC zigzag pattern. Write a review on Forex Peace Army and help ECS.
The EUR/USD bearish retracement after hitting the 1.15 target could be mild and retrace back to the support zone around 1.14-1.1450 via a bull flag chart pattern. In that case, a bullish break and continuation is likely to occur soon. A bearish ABC zigzag however could take price down to deeper Fibs such as the 61.8% Fib zone at 1.13.
The GBP/USD is moving sideways between the trend lines in a larger contracting triangle chart pattern.
Check out the video below for the full analysis and trade plans on 20-21 Nov 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