The EUR/USD is approaching a key support zone at 1.13 which could also create a head & shoulders reversal chart pattern. A larger bullish ABC zigzag pattern remains likely. The GBP/USD is testing the bottom of the triangle pattern again. Special “Black Friday and Cyber Monday” offer: https://www.elitecurrensea.com/promotions-black-friday-2018/
The EUR/USD is showing a potential falling wedge reversal chart which could indicate a larger bullish ABC pattern. Price seems to be close to completing a bearish ABC in the wave B but a break above the 21 ema zone on the 4 hour and daily charts remain key.
The GBP/USD is challenging a key support zone of the triangle pattern. A bearish breakout is best viewed on the daily chart whereas a bullish bounce depends on the candlestick patterns and break of the 21 ema zone.
Check out the video below for the full analysis and trade plans on 27-28 Nov 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
EUR/USD, GBP/USD video: