The EUR/USD is showing conflicting candlestick patterns but the chart patterns are indicating that a larger bullish reversal will occur after price retraces and bounces at 1.15 support. The GBP/USD is also testing a key zone of support and resistance which could confirm a new trend. Make sure to check out our free Wave and Fibonacci guide.
EUR/USD is expected to make a bulllish inverted head and shoulders pattern at 1.15 which could confirm a larger reversal. The main target of the bullish zigzag pattern could be a head and shoulders pattern on the daily frame.
GBP/USD has probably completed a bullish pullback within the larger downtrend but needs to break below key support to confirm it. A bullish breakout could indicate a change in wave patterns.
Check out the video for the full analysis and trade plans on 2-3 September 2018: