🌟 EUR/USD, GBP/USD Analysis & Setups 11 – 12 Jan 2021 🌟

3 min read

Hi Traders,

the EUR/USD is building a bearish reversal. What is the main target for the downside? The GBP/USD also seems to be completing a wave 5 of wave 5 and a larger ABC pattern could take place.

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 ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

The EUR/USD has broken the below the rising wedge chart pattern. A larger bearish retracement is expected after price action retests the resistance zone.

The GBP/USD is also expected to test the resistance trend line, which could offer a decent space down to the targets.

Check out the video below for the full analysis and trade plans on 11 – 12 Jan 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

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of