EUR/USD continues to make ups and downs within the range. It recently built a bounce at support and resistance and price is now moving lower towards the bottom. The GBP/USD seems to be building a wave 5 towards 1.20.
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The EUR/USD is likely to retest the bottom of the range. A breakout below the support zone at 1.0750 could indicate a continuation towards 1.05.
The GBP/USD is in a downtrend and looking for a bearish breakout below 1.2160.
Check out the video below for the full analysis and trade plans on 25-26 May 2020:
EUR/USD, GBP/USD technical analysis
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