🎦 EUR/USD, GBP/USD Analysis & Setups 25 – 26 Jan 2021 🎦

3 min read

Hi Traders,

the EUR/USD is testing the key support zone at 1.2140 for a bullish bounce or bearish breakout. The GBP/USD is showing bearish engulfing twins at the head and shoulders level.

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EUR/USD & GBP/USD Overview

The EUR/USD is building a bullish ABC pattern after a strong uptrend. But the overall direction is bearish because price action is showing a reversal or retracement.

The GBP/USD is looking to test the support trendline, which will be a key support zone for a bearish reversal or an uptrend continuation. 

Check out the video below for the full analysis and trade plans on 25 – 26 Jan 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

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