Hi Traders,
the EUR/USD is completing a bullish ABC pattern before another bearish price swing should take price to the 1.15 target and support zone. The GBP/USD could also build a final wave 5 of wave C before moving lower.
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The EUR/USD is testing the 1.1750-1.18 support zone. A bullish bounce could start a move up towards the target at 1.1925.
The GBP/USD made a bounce at the 1.30 support. Price action will need to break above the 21 ema zone and confirma higher low before a move towards 1.3250 is possible. A break below the 1.2950 indicates bearishness.
Check out the video below for the full analysis and trade plans on 26 – 27 Oct 2020:
Good trading,
Chris Svorcik
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