the EUR/USD is breaking below the 1.1750-1.18 support zone and building the first steps of a larger bearish price swing. The GBP/USD seems to be also breaking below the 1.30 support for the same bearish outlook.
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The EUR/USD is developing a bearish swing that could take the price down to a target as low as the 1.15 support zone.
The GBP/USD bearish breakout could even aim as deep as 1.25. A daily candle breakout is needed below the key levels.
Check out the video below for the full analysis and trade plans on 28 – 30 Oct 2020: