The EUR/USD made a strong bullish impulse once it broke above the key resistance zone at 1.1730 and this video reviews whether a continuation or reversal is more likely. The GBP/USD is looking much more bearish after reaching the main target zone at 1.3275. Check out our education & research page at ECS.
EUR/USD is now retesting a critical support zone at 1.17 which will determine whether price continues with the uptrend or not. A bullish bounce could see the uptrend continue towards the 5th wizz level close to 1.20.
GBP/USD is showing bearish momentum and could complete a 5th bearish wave soon. Price could make a bullish ABC back to the 50-61.8% Fibonacci zone before continuing down lower again.
Check out the video for the full analysis and trade plans on 22-24 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