? EUR/USD, GBP/USD Analysis & Setups 16 – 18 Sep ’19 ?

Hi Traders,

the EUR/USD is in a bullish wave C after bouncing at double bottom near 1.0925. The target zone is the heavy resistance at 1.1120-1.1180. The GBP/USD bullish wave 5 is aiming for the -27.2% Fib target at 1.2550.

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The EUR/USD is completing a bullish ABC zigzag as expected. One more push within wave C is likely unless price breaks below the 1.10 support with lots of momentum.

The GBP/USD seems to be building a pullback after a strong rally. A bounce at 1.24-1.2450 could occur and take price towards the next Fibonacci target.

Check out the video below for the full analysis and trade plans on 16-18 September 2019:

• 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

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