Hi Traders, EUR/USD is testing a key 88.6% Fibonacci retracement level which is a key zone for a bullish reversal. The 1.1175 bottom is the invalidation zone. The GBP/USD is testing again the key 1.30 support zone. We are here for the trading community. If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you! The EUR/USD bullish reversal becomes more likely if price is able to break above 21 ema resistance of the 4 hour chart. A bullish reversal could aim for the 1.15 round level. The GBP/USD needs a clear break below the round 1.30 level before the rising wedge break turns into a full downtrend continuation. Otherwise price could make a bullish ABC at the bottom of the sideway range.
Check out the video below for the full analysis and trade plans on 31 Mar – 1 Apr 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: