EUR/USD, GBP/USD Analysis & Setups 17 – 19 Mar 2021

Forex Trader, Analyst, Educator • Mar 17, 2021 at 10:32 AM EDT

The EUR/USD completed a bearish ABC pattern at the 61.8% Fibonacci retracement level. Price is now awaiting a bullish breakout to confirm the start of wave C. The GBP/USD needs to break above the 21 ema zone on the 4 hour chart.

EUR/USD & GBP/USD Overview

The EUR/USD could build a wave C upwards if it breaks above the resistance. The main target is at 1.20-1.2025.

The GBP/USD bullish targets are located at the Fibonacci confluence at 1.4060 and 1.4140.

Check out the video below for the full analysis and trade plans on 17 – 19 Mar 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:

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