EUR/USD and GBP/USD overview [Video]
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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.
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The GBP/USD has many support and resistance levels closeby. A bounce setup seems to have the best odds.
The GBP/USD is testing a key resistance zone.
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: patterns, trends, key S&R levels
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Explanation of potential trade ideas both up and down.
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Beginner friendly, explaining concepts in more detail.
The analysis has been done with the ecs.SWAT method and ebook.
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