the EUR/USD completed a bearish ABC pattern at the 61.8% Fibonacci retracement level. Price is now awaiting a bullish breakout to confirm the start of the wave C. The GBP/USD needs to break above the 21 ema zone on the 4 hour chart.
The EUR/USD could build a wave C upwards if it breaks above the resistance. The main target is at 1.20-1.2025.
The GBP/USD bullish targets are located at the Fibonacci confluence at 1.4060 and 1.4140.
Check out the video below for the full analysis and trade plans on 17 – 19 Mar 2021: