EUR/USD, GBP/USD Analysis & Setups 16 – 18 June 2021

The EUR/USD is looking for a bearish breakout below the 21 ema zone but price action will also need to break the channel bottom to confirm a wave 3. The GBP/USD is testing a key resistance zone.

10 and one 10 us dollar bill

Image Source: Unsplash

EUR/USD & GBP/USD Overview

The EUR/USD is either building a bearish ABC or 123 pattern and the 1.20 support zone will be critical for that decision.

The GBP/USD has many support and resistance levels closeby. A bounce setup seems to have the best odds.

Check out the video below for the full analysis and trade plans on 16 – 18 June 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


Video Length: 00:07:44

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

How did you like this article? Let us know so we can better customize your reading experience.


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