🌟 EUR/USD, GBP/USD Analysis & Setups 22 – 23 Feb 2021 🌟

3 min read

Hi Traders,

the EUR/USD is testing the key 21 ema zone on the 4 hour chart, which is a critical bounce or break spot. The GBP/USD uptrend is extremely strong but price action is reaching a potential reversal zone soon.

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 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 testing the wave 4 support Fibs. A bullish bounce and breakout could send price higher in a wave C whereas a bearish break below 1.2090 should send price to the 78.6% Fib at 1.20.

The GBP/USD is in reversal territory but only if there is a strong daily bearish candle. Otherwise a bull flag pattern and a new high is likely.

Check out the video below for the full analysis and trade plans on 22 – 23 Feb 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


Good trading,
Chris Svorcik

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of