EUR/USD, GBP/USD Analysis & Setups 9 – 11 June 2021

The EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again. The GBP/USD has a better chance of moving up but it faces hefty resistance.

10 and one 10 us dollar bill

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EUR/USD & GBP/USD Overview

The EUR/USD bearish breakout could confirm the end of the bullish wave B and the start of the wave C down.

The GBP/USD is stuck in between support from the moving averages and resistance from the double top pattern.

Check out the video below for the full analysis and trade plans on 9 – 11 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

EUR/USD, GBP/USD video:

Video Length: 00:08:20

 

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 ...

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