the EUR/USD needs a break above the 1.18 resistance zone on the 4 hour chart for a larger reversal. The GBP/USD is also looking bullish and could reverse if price respects the previous bottom or shows a breakout.
The EUR/USD made a bullish break above the 21 ema on the 4 hour chart and price action is now testing the long-term moving averages.
The GBP/USD showed strong bullish momentum after a higher low. Can the Cable complete the bullish reversal?
Check out the video below for the full analysis and trade plans on 25 – 27 August 2021: