Hi Traders, the EUR/USD has failed to break below 1.1250 although a new strong bearish daily candle could indicate a downtrend. A bullish bounce above 1.13 however could confirm an uptrend continuation towards 1.15. The GBP/USD could be building a pullback within the wave 4 as long as price stays above the 1.2975-1.30 support zone. Do you want to leave your feedback? Please write a review on Forex Peace Army. Ps. do not forget to check out our upcoming 3x Forex seminars on trading in Europe! The EUR/USD bullish break above the intermediate resistance at 1.1350 could confirm an uptrend continuation and aim for a target around the round level of 1.15.
The GBP/USD remains in an uptrend as long as price respects the shallow Fibonacci support levels of wave 4. The next target is the quarter level at 1.3250.
Check out the video below for the full analysis and trade plans on 21 – 23 Feb 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: