EUR/USD and GBP/USD overview [Video]

EUR/USD is testing a key 21 ema resistance zone on the 4 hour chart. A bullish breakout could start a larger reversal.
The GBP/USD is expected to test the bottom again and build a descending wedge pattern.

Chris Svorcik Elite CurrenSea

The EUR/USD is in a downtrend channel but price action could be completing an ABC pattern as long as daily candlestick does not break below the bottom.

The GBP/USD is expected to decline below the 88.6% Fibonacci and test the double bottom.

Check out the video below for the full analysis and trade plans on 22 - 24 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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