the EUR/USD needs a break below 1.11 or above 1.1180 before a new price swing can develop. The GBP/USD is retesting strong support zone and likely to build a bullish bounce.
If you think our videos, analysis, and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army.
The EUR/USD bearish breakout could confirm a bearish wave C and aim for the next support at 1.10 whereas a bullish break aims at 1.1250-80.
The GBP/USD could build a triangle pattern if price is able to bounce above 1.30-1.31.
Check out the video below for the full analysis and trade plans on 18 – 20 Dec 2019: