🌟 EUR/USD, GBP/USD Analysis & Setups 16 – 18 June 2021 🌟

Hi Traders,

the EUR/USD is looking for a bearish breakout below the 21 ema zone but price action will also need to break the channel bottom to confirm a wave 3. The GBP/USD is testing a key resistance zone.

If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army or on Trustpilot. 

Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

EUR/USD & GBP/USD Overview

The EUR/USD is either building a bearish ABC or 123 pattern and the 1.20 support zone will be critical for that decision.

The GBP/USD has many support and resistance levels closeby. A bounce setup seems to have the best odds.

Check out the video below for the full analysis and trade plans on 16 – 18 June 2021:

• EUR/USD, GBP/USD technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potential trade ideas both up and down
• Beginner friendly, explaining concepts in more detail

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik