EUR/USD and GBP/USD overview [Video]

EUR/USD is testing key support and resistance lines. A bearish breakout could see a decline towards 1.1580 whereas a bullish break aims at the double top near 1.19.
The GBP/USD made a triple bottom and is expected to build a bullish ABC pattern.

Chris Svorcik Elite CurrenSea

The EUR/USD bearish momentum, however, favours a bearish breakout. But price action must break below the bottom and support zone first.

The GBP/USD bullish bounce is aiming at the 61.8% Fibonacci level and resistance trend line of the descending wedge chart pattern.

Check out the video below for the full analysis and trade plans on 27 - 28 September 2021:

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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