Hi Traders, EUR/USD has broken above the resistance trend line and critical 21 ema for a good bullish move. Now price needs to break above the 144 ema close to confirm the larger reversal. GBP/USD is stuck in a wedge and is likely to stay in the corrective pattern.
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 could make a retracement but the Fibonacci levels of wave 4 are expected to act as support and a potential reversal spot.
The GBP/USD could make a bullish bounce at the support of the wedge back to the top of the corrective pattern.
Check out the video below for the full analysis and trade plans on 9-10 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