✅ EUR/USD, GBP/USD Analysis & Setups 3 – 4 Feb ’20 ✅

Dear Traders,

the EUR/USD made a strong bullish bounce at 1.10, which could be a first signal of a larger reversal. The GBP/USD made a key bullish bounce and breakout within the triangle pattern. A wave 1-2-3 pattern is just around the corner.

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The EUR/USD could build a lower low when looking at the wave patterns on lower time frames. Price must break below 1.1050 to confirm with momentum. A break above 1.1125 indicates upside.

The GBP/USD seems to have completed an ABCDE bullish triangle pattern as expected 6 weeks ago. A bearish pullback should find support at the Fib levels.

Check out the video below for the full analysis and trade plans on 3 – 4 Feb 2020:

• 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

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik
Elite CurrenSea