🎦 EUR/USD, GBP/USD Analysis & Setups 3 – 5 Feb 2021 🎦

3 min read

Hi Traders,

the EUR/USD broke below the support zone of the descending wedge pattern. It is now likely to continue lower in a bearish ABC pattern. The GBP/USD broke the two rising wedges and is showing the potential for a larger bearish retracement.

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. Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

EUR/USD & GBP/USD Overview

The EUR/USD is aiming at bearish targets around 1.1875-1.1925 but some type of retracement or breakout is needed first.

The GBP/USD has entered a bearish zone with potentially large space to the downside. But still, a pullback or breakout is also required.

Check out the video below for the full analysis and trade plans on 3 – 5 Feb 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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of