Hi Traders,
the EUR/USD is building a bearish ABC pattern within a strong uptrend. The GBP/USD is showing a pullback and is aiming at the 144 ema support zone before heading north towards 1.3250.
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The EUR/USD pullback could retest the support zone zone at the 144 ema or build a sideways consolidation pattern above 1.1725.
The GBP/USD bullish momentum is clearly visible on the daily chart and a bullish bounce at the 21 ema zone is expected.
Check out the video below for the full analysis and trade plans on 12 – 14 August 2020:
Good trading,
Chris Svorcik
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