✅ EUR/USD, GBP/USD Analysis & Setups 27 – 29 May ’20 ✅

2 min read

Hi Traders,

EUR/USD made an early bullish bounce and is now building an ascending wedge chart pattern that threatens the 1.10 resistance. The GBP/USD made a strong bullish breakout towards the 50% Fib.

If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army.

The EUR/USD needs a daily candle breakout above 1.10 before a bullish swing is possible. A retest of support first is likely.

The GBP/USD could be in a wave 4 if price action remains above support.

Check out the video below for the full analysis and trade plans on 27-29 May 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

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