EUR/USD, GBP/USD Analysis & Setups 16 – 18 June 2021

Forex Trader, Analyst, Educator • Jun 16, 2021 at 9:38 AM EDT

The EUR/USD is looking for a bearish breakout below the 21 ema zone but price action will also need to break the channel bottom to confirm a wave 3. The GBP/USD is testing a key resistance zone.

10 and one 10 us dollar bill

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EUR/USD & GBP/USD Overview

The EUR/USD is either building a bearish ABC or 123 pattern and the 1.20 support zone will be critical for that decision.

The GBP/USD has many support and resistance levels closeby. A bounce setup seems to have the best odds.

Check out the video below for the full analysis and trade plans on 16 – 18 June 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

EUR/USD, GBP/USD video:

Video Length: 00:07:44

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