EUR/USD, GBP/USD Analysis & Setups 21 – 22 Dec

Forex Trader, Analyst, Educator • Dec 21, 2020 at 8:38 AM EST

The EUR/USD is testing the Fibonacci support levels within a strong uptrend. The GBP/USD could make a bullish bounce after a strong decline.

The EUR/USD is testing the Fibonacci support levels within a strong uptrend. The GBP/USD could make a bullish bounce after a strong decline.EUR/USD & GBP/USD Overview

The EUR/USD needs to stay above the 1.20 support and 50% Fibonacci retracement level if the wave pattern is indeed a wave 4.

The GBP/USD has reached the 88.6% Fibonacci level after a massive fall. Can the Cable bounce and make a rally?

Check out the video below for the full analysis and trade plans on 21 – 22 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 00:10:43)

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