the EUR/USD has reached the first target at 1.14 and could make a bearish pullback to 1.1350 for a bullish continuation towards 1.15. The GBP/USD bullish impulse has reached a solid resistance zone at the 38.2% Fibonacci retracement level at 1.2750.
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The EUR/USD is currently in a wave 3 impulse and price is expected to build a pullback within a wave 4 pattern.
The GBP/USD seems to have completed 5 bullish waves and is expected to build a bearish ABC zigzag back to the support zone at 1.26-1.2650 for a new move up towards 1.2840-50.
Check out the video below for the full analysis and trade plans on 25-26 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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