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


Video Length: 00:12:18


Disclaimer: The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.