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:
Good trading,
Chris Svorcik
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Thank you! Happy to hear 🙂