the EUR/USD price action patterns look bearish and a larger reversal could emerge with a breakout below the 21 ema zone on the 4 hour chart. The GBP/USD is struggling as the moving averages show strong bullish angles but price action looks bearish.
The EUR/USD bearish breakout could confirm the start of a bearish ABC pattern in a larger bullish ABC zigzag. A break could complete the bullish 5 waves in wave A at the 61.8% Fibonacci resistance.
The GBP/USD is looking for a breakout up or down to confirm the direction after the triangle pattern.
Check out the video below for the full analysis and trade plans on 28 – 30 April 2021: