EUR/USD and GBP/USD overview [Video]

EUR/USD is approaching the key support zone at 1.1750 after building a bearish ABC zigzag pattern.
The GBP/USD is showing a strong bearish reversal and is expected to decline further down.

Chris Svorcik FS method

The EUR/USD is expected to make a bullish reversal at the key support decision zone but a breakout above the moving averages remains critical.

The GBP/USD is looking to test the support trend line again, which could create a larger triangle chart pattern. The breakout direction should be bearish.

Check out the video below for the full analysis and trade plans on 13 - 14 September 2021:

The analysis has been done with the indicators and template from the SWAT method simple wave analysis and trading. For more daily technical and wave analysis and updates, sign-up to our newsletter

Author

Chris Svorcik

FS method

Chris Svorcik is a trader, analyst, and educator with over 15 years of experience in financial markets, specializing in moving averages, market structure, and price patterns.

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