​? EUR/USD, GBP/USD Analysis & Setups 8-10 September ’18 ​?

2 min read

The EUR/USD made a bearish turn after failing to break above the resistance and is now building a bearish ABC zigzag pattern. The main target is the 61.8% Fibonacci retracement level at 1.1465 which could be a bouncing spot too. The GBP/USD made a bearish bounce at the 88.6% Fibonacci level and could be ready for a bearish breakout in wave 5 if price manages to break below the bottom. Make sure to check out our free Wave and Fibonacci guide.

EUR/USD break below the 61.8% Fibonacci level at 1.1465 could indicate a larger bearish breakout whereas a bullish bounce could confirm the end of the bearish wave C and start of a bullish wave C

GBP/USD remains a bearish outlook but needs to break below the 21 ema zone on the 4 hour chart to confirma bearish breakout.

Check out the video for the full analysis and trade plans on 8-10 September 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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