Hi Traders, EUR/USD remains choppy and corrective but a bearish breakout towards 1.1210 seems likely. There price will face strong 78.6% and 88.6% Fibonacci support zone. The GBP/USD must break the support or resistance of the contracting wedge.
If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you! The EUR/USD could show a bullish reversal at the deep Fibonacci levels if price confirms the bounce with strong bullish candlestick patterns. A daily candle break below 1.1180 could make a downtrend more likely.
The GBP/USD daily chart remains key for a bullish or bearish break of the wedge.
Check out the video below for the full analysis and trade plans on 20-22 Apr 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