EUR/USD and GBP/USD overview [Video]
|-
EUR/USD bullish wave 5 has reached the first target zone at 1.1975. But an extension for one more higher high is possible if price action bounces at 1.1937-50.
-
The GBP/USD remains stuck between the moving averages but a bullish breakout could occur if a triangle chart pattern emerges.
EUR/USD and GBP/USD overview
The EUR/USD bullish breakout could aim for the 1.20-1.2025 Fib target zone. This is where the 5 wave pattern of wave A could be completed.
The GBP/USD bullish bounce or breakout could aim as high as 1.39, which is the previous top and resistance zone.
Check out the video below for the full analysis and trade plans on 14 - 16 April 2021:
EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels
-
Explanation of potential trade ideas both up and down.
-
Beginner friendly, explaining concepts in more detail.
The analysis has been done with the ecs.SWAT method and ebook.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.