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.
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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: