Hi Traders, the EUR/USD is testing the key resistance zone at 1.15. A bullish bounce at 1.1420 could indicate a potential bullish breakout and move up towards 1.1750. The GBP/USD remains in a difficult spot due to the Brexit news but a bearish bounce still seems most likely. Do you want to leave your feedback? Please write a review on Forex Peace Army.
The EUR/USD remains in a corrective zone which will only break if price manages to push above 1.15 or below 1.13.
The GBP/USD remains vulnerable to any Brexit news and the vote in the UK on January 15 but price seems to be at a bearish bouncing spot.
Check out the video below for the full analysis and trade plans on 8-9 Jan 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