? EUR/USD, GBP/USD Analysis & Setups 15 – 16 June’20 ?

Hi Traders,

EUR/USD is making a bearish retracement below the 21 ema zone but the uptrend remains a factor. The GBP/USD bearish impulse is testing the 144 ema support.

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The EUR/USD is testing the Fibonacci support zone. A break below the 50% Fib could indicate a bearish move towards 1.10 or 1.09. A sideways pattern however could indicate more upside.

The GBP/USD could build a bullish ABC pattern unless price breaks below the 144 ema.

Check out the video below for the full analysis and trade plans on 15-16 June 2020:

• 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