✅ EUR/USD, GBP/USD Analysis & Setups 18 – 22 Oct 2021 ✅

2 min read

Hi Traders,

the EUR/USD made a bullish retracement after the downtrend became exhausted on the 4 hour chart. Price action is now approaching a key decision for a bullish or bearish break. The GBP/USD made a strong upside swing and is now testing a confluence of support.

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 needs to break below the 50% Fibonacci support of the weekly chart for a downtrend continuation. A bullish breakout above the 50% Fib resistance of the 4 hour chart, however, could indicate the bullish reversal.

The GBP/USD remains in an uptrend as long as price action stays above the support trend line and long-term moving averages. A break below it indicates a bearish price swing to test the previous bottom.

Check out the video below for the full analysis and trade plans on 18  – 22 Oct 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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of