? EUR/USD, GBP/USD Approach Key Support Zones at 1.22 and 1.40 ?

Dear Traders,

the EUR/USD continues to move sideways but has reached a critical decision zone. The GBP/USD is testing a key bear-bull line at the round 1.40 level.

The EUR/USD showed major weakness when it last week’s candle printed as a bearish reversal candle. Price however is still at key support levels and could be in an expanden and complicated wave 4. Support around 1.22 and resistance at 1.25 remain the key levels to watch and trade ideas are mostly focused on range setups in this zone.

GBP/USD uptrend could still be alive but a bullish bounce at the 1.40 support zone is an absolute must. A bullish bounce could lead to potential long trade setups once price breaks, retraces and conitnues. Bearish setups are possible once price breaks below 1.40 and shows a pullback to the 21 ema resistance zone.

Check out the video for the full analysis and trade plans on 1-2 April 2018:

• EUR/USD, GBP/USD, GBP/JPY technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potentrial 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
Elite CurrenSea

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