the EUR/USD is moving up quickly. A bullish bounce at 1.1825 is expected to take price action up to the main target zone at 1.1950. The GBP/USD is trying to breakout with a target at 1.3175. Which could be a strong bearish bouncing spot.
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The EUR/USD is expected to make a retracement after hitting 1.1890. But the pullback should remain shallow if price action is indeed confirming a wave 4 pattern.
The GBP/USD could make a strong bearish reversal at the 1.3175 target zone if price action makes a breakout above the triangle.
Check out the video below for the full analysis and trade plans on 21 – 23 Oct 2020: EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels