🌟 EUR/USD, GBP/USD Analysis & Setups 4 – 6 Nov 2020 🌟

Hi Traders,

the EUR/USD made a bearish bounce at 1.1750 resistance and a new low. Will it be able to continue with the downtrend. The GBP/USD is testing a key support zone which is a critical bounce or break zone.

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EUR/USD & GBP/USD Overview

The EUR/USD needs to break above 1.1770 for the bulls to regain control. Otherwise a bearish drop could take price action as low as 1.15.

The GBP/USD bearish breakout below the support zone could indicate a push towards the 1.25 zone.

Check out the video below for the full analysis and trade plans on 4 – 6 Nov 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