? EUR/USD, GBP/USD Analysis & Setups 27-28 May ’18 ?

2 min read

Dear traders,

the EUR/USD bearish momentum is expected to continue towards 1.15 with a maximum retracement towards 1.18-1.19. The GBP/USD remains bearish too but price either needs break below the 1.3250 support level or build a retracement to the 1.35-1.36 resistance zone.

The EUR/USD downtrend broke below the key support zone at 1.1675 and is now aiming for the next target area around 1.1450-1.15. Any bullish retracement will probably bounce at the daily 21 ema zone due to the strong bearish momentum around 1.18-1.19.

The GBP/USD downtrend is also expected to continue lower but it is important to see bear flag or triangle patterns first. A bearish break below those patterns will most likely indicate a move down towards 1.30.


Check out the video for the full analysis and trade plans on 27-28 May 2018:

  • 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea

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