The EUR/USD is probably building a larger bullish ABC zigzag pattern if price manages to stay above the support at 1.1530. The GBP/USD remains bearish and is aiming at 1.28, which is a key bounce or break spot.
EUR/USD seems to have completed 5 bullish waves, which could indicate a larger bullish bounce at the bottom of the range. Price could now be building a wave B of the bullish ABC as long as price stays above 1.1530.
GBP/USD remains strong. Price could be in wave bearish wave 3 if price breaks below 1.28 support whereas a bounce could indicate the end of a ending diagonal for wave 5.
Check out the video for the full analysis and trade plans on 9-11 August 2018: