EUR/USD, GBP/USD ✅ Support Zones Could Start Wave 3s ?

Dear Traders,

the EUR/USD is completing a corrective and choppy wave C as expected, which could be part of a larger bearish ABC zigzag. A bullish bounce could occur once the wave C has been completed in the zone around 1.6, 1.1650 and 1.17. The analysis focuses on a bullish bounce and bullish breakout scenario which is confirmed via candlestick patterns.

The GBP/USD made a bullish bounce at the broken resistance around 1.33 but the price action failed to break a resistance trend line. The support and resistance trend lines are therefore key for a bullish or bearish break.

Check out the video for the full analysis and trade plans on 10 – 11 December 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

Good trading,

Chris Svorcik

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