✅ EUR/USD, GBP/USD Analysis & Setups 19 – 21 August 2020 ✅

Hi Traders,

the EUR/USD is ready to make one more push up towards the 1.20 target zone. The GBP/USD bullish momentum is strong and pullbacks are expected to find support.

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The EUR/USD could create a pullback at  the 1.20 target, which could confirm a wave 4 pattern. A breakout after the retracement could aim at the 78.6% Fibonacci retracement level at 1.2150.

The GBP/USD uptrend is looking strong. A pullback down toe 1.32 should find support. Eventually a breakout should aim for 1.35.

Check out the video below for the full analysis and trade plans on 19 – 21 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