the EUR/USD is showing a strong bearish wave 3. A pullback and downtrend continuation is likely. The GBP/USD is showing a strong bullish bounce and a breakout aims at 1.32-1.3250.
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The EUR/USD is expected to make a shallow pullback like a bear flag and continue with the downtrend towards at least 1.0750.
The GBP/USD remains bullish above 1.29. Only a break below 1.2850 indicates a full downtrend.
Check out the video below for the full analysis and trade plans on 17 – 18 Feb 2020: