✅ EUR/USD, GBP/USD Analysis & Setups 29 May – 4 June 2021 ✅

3 min read

Hi Traders,

the EUR/USD is building a bearish reversal. Price is making a bullish ABC zigzag in wave 2 after completing 5 bearish waves in wave 1. The GBP/USD is in a range and the breakout is key. But a bearish reversal also seems to be the main scenario.

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EUR/USD & GBP/USD Overview

The EUR/USD is testing the Fibonacci retracement resistance levels of the wave 2. A bearish bounce and breakout could confirm a reversal.

The GBP/USD remains choppy. The trend lines are key for a breakout north or south.

Check out the video below for the full analysis and trade plans on 29 May – 4 June 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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