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.
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