EUR/USD, GBP/USD Analysis & Setups 2 – 4 Dec 2020

The EUR/USD made a strong and critical breakout above the 1.20 resistance zone. We review the bullish targets and long-term wave patterns. The GBP/USD is struggling at the triple top and building a rising wedge reversal chart pattern.

EUR/USD & GBP/USD Overview

The EUR/USD needs a bull flag pattern and breakout at the -61.8% Fib at 1.2115 to confirm the wave 3 and uptrend.

The GBP/USD is in a choppy range and could easily go sideways within that range. A bearish breakout could indicate a bearish reversal.

Check out the video below for the full analysis and trade plans on 2 – 4 Dec 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: 00:12:18