🌟 EUR/USD, GBP/USD Analysis & Setups 20 – 22 Jan 2021 🌟

3 min read

Hi Traders,

the EUR/USD is creating 5 waves up, which could indicate the start of a larger bullish ABC pattern. The GBP/USD is building an ascending wedge triangle pattern aiming at 1.3750 target.

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The EUR/USD is expected to build a bearish ABC zigzag. But it is likely part of a larger bullish ABC towards the head and shoulders level around 1.22-1.2275.

The GBP/USD needs a pullback towards the long-term support trend line for a bullish bounce.

Check out the video below for the full analysis and trade plans on 20 – 22 Jan 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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