both the EUR/USD and GBP/USD are building a bearish ABC corrections towards the Fibonacci support levels.
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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:
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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