🌟 EUR/USD, GBP/USD Analysis & Setups 19 – 20 Apr 2021 🌟

3 min read

Hi Traders,

the EUR/USD made a wave 4 pullback and price action is now testing the 50% Fibonacci level and target zone at 1.2025. The GBP/USD bullish bounce at the channel bottom is looking very impulsive as well.

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EUR/USD & GBP/USD Overview

The EUR/USD could move up once more, despite the resistance zone. The bullish momentum is looking strong and a mild pullback to the shallow Fibs at 1.20 could confirm a bounce up towards the next target zone at 1.21.

The GBP/USD bullish momentum needs a 1 hour bull flag pattern followed by a breakout for more upside towards 1.3950 and 1.40.

Check out the video below for the full analysis and trade plans on 19 – 20 April 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

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