EUR/USD and GBP/USD overview [Video]

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

Chris Svorcik Elite CurrenSea

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

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.

Author

Chris Svorcik

Elite CurrenSea

Experience Chris Svorcik has co-founded Elite CurrenSea in 2014 together with Nenad Kerkez, aka Tarantula FX. Chris is a technical analyst, wave analyst, trader, writer, educator, webinar speaker, and seminar speaker of the financial markets.

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