The EUR/USD is building a larger bullish correction but could first make a bearish ABC zigzag down to 1.13 before moving towards the bull targets above 1.16. The GBP/USD is still testing the support zone of the triangle chart pattern. Write a review on Forex Peace Army and help ECS.
The EUR/USD is expected to test the resistance zone at 1.1450 which could either create an immediate bullish breakout OR a bearish ABC zigzag back to 1.13. The bullish targets are aimed at 1.16-1.17-1.18.
The GBP/USD is likely to move at test the target zone at 1.2950-1.30. A bearish break below 1.27 would invalidate the continuation of the expected triangle pattern.
Check out the video below for the full analysis and trade plans on 22-24 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