Hi Traders,
the EUR/USD is testing the Fibonacci support levels within a strong uptrend. The GBP/USD could make a bullish bounce after a strong decline.
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The EUR/USD needs to stay above the 1.20 support and 50% Fibonacci retracement level if the wave pattern is indeed a wave 4.
The GBP/USD has reached the 88.6% Fibonacci level after a massive fall. Can the Cable bounce and make a rally?
Check out the video below for the full analysis and trade plans on 21 – 22 Dec 2020:Β
Good trading,
Chris Svorcik
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