EUR/USD, GBP/USD Analysis & Setups 9 – 10 Nov 2020

By Chris Svorcik of Elite CurrenSea

Forex Trader, Analyst, Educator • Nov 9, 2020 at 10:29 AM EST

The EUR/USD is making a bullish reversal and price action is pushing up above the critical 21 ema zone again. GBP/USD is also pushing up but will probably make a retracement back to the 1.30 support zone.

The EUR/USD is making a bullish reversal and price action is pushing up above the critical 21 ema zone again. GBP/USD is also pushing up but will probably make a retracement back to the 1.30 support zone.

EUR/USD & GBP/USD Overview

The EUR/USD bearish pullback and bullish bounce is expected to test the previous top at 1.1975-1.20. A full uptrend is expected later on in November or December.

The GBP/USD should find a bullish bounce at the 1.30 support zone.

Check out the video below for the full analysis and trade plans on 9 – 10 Nov 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

Video Length: 00:07:44

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