The EUR/USD is building a bearish wave C of a larger ABC pattern. It is aiming at the Fibonacci support levels around 1.1675-1.1750. The GBP/USD could build a bearish reversal pattern at the 78.6% Fib at 1.33.
If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army. Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
EUR/USD & GBP/USD Overview
The EUR/USD is expected to build a bullish price swing via an ABC or 123 pattern. Price must stay above 1.1602 or otherwise, the uptrend is invalidated.
The GBP/USD is expected to test support zone at around 1.1375 after tagging 1.33 resistance.
Check out the video below for the full analysis and trade plans on 11 – 13 Nov 2020:
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potential trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
EUR/USD, GBP/USD video:
Video Length: 00:08:13
Comments
Log in or sign up to join the conversation.