The EUR/USD is trying to break the key resistance zone at 1.1730 for the 4th time. A bullish breakout could start an impulsive bullish swing. The GBP/USD remains bullish and a continuation breakout is aiming for the main target at 1.3275. Check out our education & research page at ECS.
EUR/USD will probably retest the resistance zone and a breakout is becoming more likely. A break and pullback that bounces at the 21 ema zone could confirm a bullish continuation towards 1.18 and 1.20.
GBP/USD remains above the 4th wizz level and the 21 ema zone. A bullish continuation towards the 5th wizz level and -61.8% Fibonacci target at 1.3275 seems likely. Price needs a breakout on the 1 hour chart to confirm.
Check out the video for the full analysis and trade plans on 20-22 September 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