Hi Traders,
the EUR/USD uptrend has reached the 1.15 target but the bullish momentum remains strong. An extension towards 1.16 is likely. The GBP/USD could build a flag pattern but an uptrend continuation has the best papers.
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The EUR/USD could expect a pullback but an uptrend continuation towards 1.1750 is around the corner.
The GBP/USD is in a wave 3. A mild pullback towards the 23.6% or 38.2% Fibonacci retracement levels could confirm the wave 4.
Check out the video below for the full analysis and trade plans on 22 – 24 July 2020:
Good trading,
Chris Svorcik
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