? EUR/USD, GBP/USD Analysis & Setups 24 – 25 August 2020 ?

Hi Traders,

the EUR/USD is building a strong bearish retracement and price action will test a key resistance zone. The GBP/USD is also building a consolidation range.

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The EUR/USD needs to break above the 1.19 before a bullish breakout is possible. Otherwise a consolidation zone is likely.

The GBP/USD is expected to stay in a range below 1.32.

Check out the video below for the full analysis and trade plans on 24 – 25 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