Hi Traders, EUR/USD showed a critical bearish breakout below the 1.1180-1.12 support zone. The GBP/USD showed a bearish continuation after breaking below the 1.2950 support zone.
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The EUR/USD daily candle showed a clear control by the bears due to the strong candle close near the low. A retracement back to 1.1175 might occur but price is not expected to break above 1.12.
The GBP/USD downtrend is aiming for targets at 1.2875 and later on at 1.2750.
Check out the video below for the full analysis and trade plans on 25 – 26 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