Hi Traders,
the EUR/USD is building a bearish pullback in the larger uptrend. The bulls remain in control as long price action stays above 1.1725. The GBP/USD also remains bullish with price action above the 21 ema low on the daily chart.
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The EUR/USD bullish continuation is aiming for the target zone at 1.1925. The bulls need to show a bounce at the previous tops followed by a higher low.
The GBP/USD bulls have plenty of space to the upside remaining. Bullish support is expected at 1.2975.
Check out the video below for the full analysis and trade plans on 12 – 13 Oct 2020:
Good trading,
Chris Svorcik
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