Hi Traders, EUR/USD made a bullish ABC zigzag to the 38.2% Fib near 1.1260. Price now needs to break below the support trend line before a bearish breakout towards 1.12 becomes more likely, which is a strong support zone. The GBP/USD is still waiting for a breakout of the wedge. If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you!
The EUR/USD could make a large bullish reversal if price is able to bounce at the support zone of 1.12-1.1210 or break with strong impulsive price action above the 1.1275 resistance.
The GBP/USD is best traded when a clear daily candle is able to bounce or break the 1.2950-1.30 support zone.
Check out the video below for the full analysis and trade plans on 23 – 24 April 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