Dear Traders,
the EUR/USD is attempting to break the support trend line. The currency pair is in a wave C as expected but the bearish breakout would confirm an impulsive move lower towards the targets around 1.1650-1.1750.
The GBP/USD made a bullish spike but the move up proved to be short lived as price is making a larger bearish correction. The broken resistance at 1.3350 could provide strong support and a potential bullish bounce.
Check out the video for the full analysis and trade plans on 5 – 6 December 2017:
Good trading,
Chris Svorcik
.
Leave a Reply