? EUR/USD, GBP/USD Analysis & Setups 23-25 August ’18 ?

2 min read

The next EUR/USD wave will depend on the price reaction at the 21 ema zone. A bullish breakout could indicate a 5th wave whereas a bearish move could indicate a zigzag pattern. The GBP/USD has the same key decision at the 21 ema zone. Overall, the GU could still be a in wave 4 but a break above the top makes a bull move more likely.

EUR/USD either building a bearish wave 4 and will make a new high as part of wave 5 or price has already completed a bullish ABC and is now ready for a bearish ABC.

GBP/USD faces the same situation after it bounced at a critical 38.2% Fibonacci retracement level.

Check out the video for the full analysis and trade plans on 23-25 August 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea

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