? EUR/USD, GBP/USD Analysis & Setups 17 – 18 August 2020 ?

Hi Traders,

the EUR/USD remains bullish with price action being above the 21 ema zone. The GBP/USD uptrend remains intact too as price action completes a wave 4 pattern.

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The EUR/USD is aiming at the round level of 1.20. Any retracement is expected to find support quickly.

The GBP/USD is looking to make an immediate bullish breakout and aims for 1.3250 and 1.35. Any bearish pullback is also expected to find support.

Check out the video below for the full analysis and trade plans on 17 – 18 August 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