Hi Traders,
both the EUR/USD and GBP/USD are building a bearish ABC corrections towards the Fibonacci support levels.
If you think our videos, analysis and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army, thank you!
The EUR/USD is aiming for the support zone around 1.1250-1.13 which is when and where a larger bullish continuation could take place towards the target at 1.15.
The GBP/USD has completed a bearish wave A and is now in a potential wave B. A bullish move up could run into the resistance Fibs of wave B whereas a bearish breakout could indicate the end of that wave B and the start of a wave C.
Check out the video below for the full analysis and trade plans on 27-28 June 2019:
Good trading,
Chris Svorcik
Leave a Reply