? EUR/USD, GBP/USD Analysis & Setups 3 – 4 August’20 ?

Hi Traders,

the EUR/USD seems ready for a larger pullback if a bear flag pattern appears on the 1 hour chart. The GBP/USD remains in an uptrend but a bull flag pattern is needed on a 4 hour chart.

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The EUR/USD seems likely to test the support zone at 1.1650 first before any uptrend continuation.

The GBP/USD uptrend could continue if price is able to break above 1.1375. An intra-week push up could aim at 1.3250.

Check out the video below for the full analysis and trade plans on 3 – 4 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