the EUR/USD made a bearish reversal and price action seems to be confirming a wave 5 down in a larger ABC pattern. The GBP/USD remains choppy but a bearish impulse could indicate a wave 3.
The EUR/USD is expected to build a bearish ABC pattern within wave B towards the 61.8% Fibonacci retracement level at 1.1875, which could act as support for a bounce up.
The GBP/USD remains in a corrective chart pattern with the support and resistance levels acting as key decision zones.
Check out the video below for the full analysis and trade plans on 3 – 4 May 2021: