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.
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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.
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