EUR/USD, GBP/USD Analysis & Setups 15 – 17 Sep 2021

Forex Trader, Analyst, Educator • Sep 15, 2021 at 8:48 AM EDT

The EUR/USD has completed a bearish ABC zigzag pattern and made a bullish reversal at the inverted head and shoulders pattern.

The EUR/USD has completed a bearish ABC zigzag pattern and made a bullish reversal at the inverted head and shoulders pattern. The GBP/USD made a false breakout above the double top and is now testing a key support zone.

10 and one 10 us dollar bill

Image Source: Unsplash

EUR/USD & GBP/USD Overview

The EUR/USD needs to break above the long-term moving averages for a bullish push towards 1.20 and 1.21.

The GBP/USD is choppy but a bullish bounce towards the head and shoulders pattern zone seems likely.

Check out the video below for the full analysis and trade plans on 15 – 17 September 2021:

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

Video Length: 00:07:50

Good trading,

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.