🎦 EUR/USD, GBP/USD Analysis & Setups 21 – 22 June 2021 🎦

Hi Traders,

the EUR/USD made a strong bearish breakout and impulsive price swing within the expected wave 3. Now a shallow pullback and continuation will probably take place in wave 4. The GBP/USD also showed a bearish breakout within a wave 3 and is expecting a wave 4-5 pattern too.

If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army or on Trustpilot. 

Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

EUR/USD & GBP/USD Overview

The EUR/USD is expected to test the shallow Fibonacci retracement levels like the 38.2% Fib within the wave 4. A bearish bounce is expected to push price action for a new low.

The GBP/USD should follow the same pattern and show two more lower lows before finding a potential strong support zone.

Check out the video below for the full analysis and trade plans on 21 – 22 June 2021: 

• 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