EUR/USD, GBP/USD Analysis & Setups Nov. 8-12, 2021

Forex Trader, Analyst, Educator • Nov 8, 2021 at 10:15 AM EST

The EUR/USD made a bearish price swing but was unable to break and close below 1.15 support. A bullish retracement now seems likely.

The EUR/USD made a bearish price swing but was unable to break and close below 1.15 support. A bullish retracement now seems likely. The GBP/USD bearish impulse made a Doji candlestick pattern at the previous bottom and is also expected to retrace upward.

10 and one 10 us dollar bill

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EUR/USD & GBP/USD Overview

The EUR/USD could be aiming at a target around 1.1750-1.18, which is the next key decision zone.

The GBP/USD will probably aim for the resistance trend line at 1.3750.

Check out the video below for the full analysis and trade plans on 8 – 12 Nov 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: 00:09:23

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EUR/USD & GBP/USD Overview

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