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.
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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: