the EUR/USD is showing strong bullish momentum and a continuation of the uptrend is likely. The GBP/USD price action is also bullish BUT a major 1.30 resistance level is still unbroken.
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 will retest the 21 ema support zone of the 4 hour chart for an uptrend continuation.
The GBP/USD remains bullish above 1.2750 unless strong bearish price action is visible. Traders should be careful of a false breakout above 1.30 and await chart patterns first.
Check out the video below for the full analysis and trade plans on 21 – 23 October 2019: