? EUR/USD, GBP/USD Analysis & Setups 26-27 May ’19 ?

Hi Traders, the EUR/USD made a bullish bounce at 1.11, which seems to be confirming a double bottom at the support line of the falling wedge. The GBP/USD downtrend remains strong but a pullback is now taking place within wave 4.

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The EUR/USD needs break and close above 1.1250 or below 1.11 before a larger downtrend or bullish reversal becomes likely.

The GBP/USD has reached the 23.6% Fibonacci retracement level. Price could either make a correction to the 38.2% Fib or move sideways in the 21 ema and make a breakout below the 21 ema.

Check out the video below for the full analysis and trade plans on 26-27 May 2019:

• EUR/USD, GBP/USD technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potential trade ideas both up and down
• Beginner friendly, explaining concepts in more detail

EUR/USD, GBP/USD video:

Good trading,

Chris Svorcik

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