? EUR/USD, GBP/USD Analysis & Setups 20-22 Dec ’18 ?

2 min read

Hi Traders, the EUR/USD made a bearish bounce after the US rate hike but price is expected to make a bullish continuation either after a deeper pullback or after a bull flag pattern. The GBP/USD is also expected to make a bullish correction. Do you want to leave your feedback? Please write a review on Forex Peace Army.

The EUR/USD will either make a bearish ABC zigzag for a deeper pullback or make an immediate bullish breakout. Price is expected to bounce at 1.13-1.1350 if price does make a deeper retracement. The targets are 1.1525-1.16-1.1750.

The GBP/USD could be volatile on Thursday (20 Dec) due to the interest rate and news. However, price is expected to make a bullish swing as long as price stays above the 1.25 support zone and as long as it lacks any strong bearish daily candle. A break above 1.27 confirms the bullish push.

Check out the video below for the full analysis and trade plans on 20-22 Dec 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

EUR/USD, GBP/USD video:

Good trading, Chris Svorcik Elite CurrenSea

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