the EUR/USD needs a bearish breakout below the support trend line or a bearish bounce at the resistance Fibs to push towards 1.1750. The GBP/USD made a strong bearish bounce at the 50% Fibonacci level but has not broken the previous bottom yet.
The EUR/USD needs a clear break followed by a bear flag to confirm the downtrend continuation. Otherwise, a larger bullish pullback could retest the resistance.
The GBP/USD is testing the previous bottom. A bullish bounce could indicate a larger ABC pattern before a new bearish swing takes place.
Check out the video below for the full analysis and trade plans on 30 June – 2 July 2021: