? EUR/USD, GBP/USD Analysis & Setups 26 – 28 August 2020 ?

Hi Traders,

the EUR/USD is close to breaking below the support trend line for a deeper bearish retracement. The GBP/USD remains trapped in a range as well.

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The EUR/USD needs to break the triangle pattern before the next price swing can be identified. A bullish break aims at 1.19 whereas a bearish break aims at 1.17.

The GBP/USD also needs a triangle break. Bulls are aiming at 1.3225 and bears at 1.30.

Check out the video below for the full analysis and trade plans on 26 – 28 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