? EUR/USD, GBP/USD Analysis & Setups 8-9 July ’18 ?
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The EUR/USD indeed moved up higher as expected. A bullish continuation to test the previous daily top at 1.1850 seems likely as long as price stays above the 1.1675 support zone. The GBP/USD is also showing the potential for bullish price action towards 1.34 as long as it stays above 1.32.
The EUR/USD is expected to continue with its bullish price action as long as price respects the support zone. A key decision zone will also be the daily top at 1.1850, where the daily candle will play a critical role.
The GBP/USD is showing an interesting inverted head and shoulders bullish reversal chart pattern on the weekly chart when analysing the weekly candles.
Check out the video for the full analysis and trade plans on 8-9 July 2018:
- 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
See the video below for all of the details
Good trading,
Chris Svorcik
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