🌟 EUR/USD, GBP/USD Analysis & Setups 6 – 7 June 2021 🌟

3 min read

Hi Traders,

the EUR/USD made a bullish ABC followed by a bearish bounce as expected. But the bearish impulse ran out of steam soon and price action will need a breakout to decide the next step. We also review the Elliott Waves on the GBP/USD and when to expect from the Cable.

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.Β 

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 needs to break below the 61.8% Fibonacci for a bearish wave 3 or break above the 21 ema zones for a bullish wave 4-5 of wave C.

The GBP/USD remains choppy and impulsive. A bearish reversal at resistance or breakout followed by a bear flag offers the most potential this week.

Check out the video below for the full analysis and trade plans on 6 – 7 June 2021:Β 

  • 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