The EUR/USD bounced at the 1.15 support and 50% Fibonacci level after building a bearish correction. Price is probably in an uptrend but a breakout and a continuation bounce is needed to confirm. The GBP/USD is already showing a bullish breakout above the 21 ema zone of the daily chart and is aiming for 1.33. Make sure to check out our free Wave and Fibonacci guide.
EUR/USD needs to break above the previous top at 1.1730 before a larger bullish impulse is able to start. The main target of the bullish breakout is the round psychological level at 1.20.
GBP/USD bullish breakout is aiming for the -61.8% Fibonacci target at 1.325-1.33 but a retracement back to the 21 ema zone on the 1 hour chart is needed before the breakout can be traded.
Check out the video for the full analysis and trade plans on 11-12 September 2018: