EUR/USD and GBP/USD overview [Video]

EUR/USD has completed a bearish ABC zigzag pattern and made a bullish reversal at the inverted head and shoulders pattern.
The GBP/USD made a false breakout above the double top and is now testing a key support zone.

Chris Svorcik Elite CurrenSea

The EUR/USD needs to break above the long-term moving averages for a bullish push towards 1.20 and 1.21.

The GBP/USD is choppy but a bullish bounce towards the head and shoulders pattern zone seems likely.

Check out the video below for the full analysis and trade plans on 15 - 17 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

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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