🎦 EUR/USD, GBP/USD Analysis & Setups 13 – 15 Jan 2021 🎦

Hi Traders,

the EUR/USD is testing the 21 ema resistance zone after bouncing up at the 144 ema. A larger bearish swing is expected. The GBP/USD looks more bullish but a bearish bounce is expected at the previous top.

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The EUR/USD seems ready for a larger ABC correction towards the 1.20 target and support zone.

The GBP/USD direction depends on how the bearish price action unfolds. A bull flag indicates upside whereas a strong bearish impulse confirms more downside.

Check out the video below for the full analysis and trade plans on 13 – 15 Jan 2021:

• 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