Dear Traders,
The EUR/USD is staying above the broken resistance trend line which seems to indicate the end of the bearish correction and the potential restart of the uptrend. A bullish 4 hour candle could be key in a potential trade setup that aims at 1.27 as its main target. The key invalidation level is closeby at the support fractal.
The GBP/USD is also breaking above resistance and is continuing its bullish path. Within the uptrend however a retracement could occur on lower time frames. A bullish bounce at the bottom could indicate an uptrend continuation.
Check out the video for the full analysis and trade plans on 1-2 January 2018:
Good trading,
Chris
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