Hi Traders, the EUR/USD is building a sideways range within the uptrend channel but price needs to break above 1.1370 first. A bull break could indicate a continuation towards 1.1425 and 1.15. The GBP/USD made a strong bullish breakout above the mentioned bull flag chart pattern and is showing impulsive price action. Do you 1 minute to leave your feedback? Please write a review on Forex Peace Army. Ps. do not forget to check out our upcoming 3x Forex seminars on trading in Europe!
The EUR/USD bullish breakout is the most likely scenario at the moment but it remains critical to see how the candlesticks behave at the previous top and first target 1.1425 due to the risk of a false break.
The GBP/USD is in the middle of an impulsive move which aim as high as 1.32, 1.3250 or 1.33.
Check out the video below for the full analysis and trade plans on 26 – 27 Feb 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