✅ EUR/USD, GBP/USD Analysis & Setups 19 – 21 Apr ’20 ✅

Dear Traders,

the EUR/USD is testing the support zone at the 78.6% Fibonacci level, which is a key bounce or break spot. The GBP/USD will need to break above 1.25 for a bullish wave 5.

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The EUR/USD needs a break above the 144 ema for a bullish rally. A push below 1.08, however, could restart the downtrend.

The GBP/USD bulls are looking to aim at 1.27-1.2750 with a break above 1.25. A break below 1.2380 indicates a downtrend.

Check out the video below for the full analysis and trade plans on 19 – 21 Apr 2020:

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
Elite CurrenSea