the EUR/USD made a bullish reversal and is now moving towards the 1.14 and 1.15 targets. The GBP/USD also is bullish after a strong reversal at 1.25.
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The EUR/USD has made a bullish breakout and price is in a bullish impulse. It now needs a bearish corrective pattern and a retracement that can take price to the 21 ema zone, which is expected to act as support.
The GBP/USD could make a bearish reversal at the resistance zone of 1.2750-1.28 but the bearish price action is expected to be corrective and take place in an ABC. The 1.26-1.2650 zone is likely to act as support for more upside.
Check out the video below for the full analysis and trade plans on 23-24 June 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:
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