Hi Traders,
the EUR/USD is building a bearish reversal. Price is making a bullish ABC zigzag in wave 2 after completing 5 bearish waves in wave 1. The GBP/USD is in a range and the breakout is key. But a bearish reversal also seems to be the main scenario.
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.
The EUR/USD is testing the Fibonacci retracement resistance levels of the wave 2. A bearish bounce and breakout could confirm a reversal.
The GBP/USD remains choppy. The trend lines are key for a breakout north or south.
Check out the video below for the full analysis and trade plans on 29 May – 4 June 2021:
Good trading,
Chris Svorcik
Leave a Reply