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.
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: