✅ EUR/USD, GBP/USD Analysis & Setups 29 Sep – 1 Oct 2021 ✅

3 min read

Hi Traders,

the EUR/USD invalidated the bullish outlook by breaking below the bottom. A bearish impulse is now expected to aim at the targets around 1.16 and 1.15. The GBP/USD also made a bearish breakout and has reached the first target at 1.35. 

If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army or on Trustpilot.

Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

EUR/USD & GBP/USD Overview

The EUR/USD is moving lower as part of a bearish wave 3 or wave C. The main target is the 50% Fibonacci level on the weekly chart around 1.15-1.1550.

The GBP/USD is expected to make a bullish pullback first before moving down lower once again. A descending wedge pattern has been broken with a strong bearish daily candle and one more move lower could take place at 1.375-1.36.

Check out the video below for the full analysis and trade plans on 29 Sep – 1 Oct 2021:

  • 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


Good trading,
Chris Svorcik

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of

🚀 Eearn an up to 5% per Month via Telegram Signals - JOIN FOR FREE IN NOVEMBER