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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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.
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