the EUR/USD is showing strong momentum on all time frames. A small pullback to 1.19 seems possible before price continues with its strong uptrend towards the round psychological level of 1.20, which in turn could create a bearish bounce. Chris discusses a potential short-term long setup after price completes its bearish pullback but also dicusses the long-term out look after the EUR/USD’s rise from 1.17.
The GBP/USDis trying to break above the resistance of the sideways range but the bullish break is very slow and cautious. The GBP/USD could be ready for a bullish continuation if price builds a pattern and breaks above it. Otherwise be on the look out for a fakeouts that could occur during the breakout by monitoring the daily candles.
Check out the video for the full analysis and trade plans on 26-27 November 2017:
EUR/USD, GBP/USD technical analysis
Review of patterns, trends, key S&R levels
Explanation of potentrial trade ideas both up and down
Beginner friendly, explaining concepts in more detail
See the video below for all of the details
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