✅ EUR/USD, GBP/USD Analysis & Setups 5 – 7 August 2020 ✅

2 min read

Hi Traders,

the EUR/USD is moving higher after testing, bouncing, and breaking above the 21 ema zone. The GBP/USD completed a bearish ABC pattern at the 144 ema to complete a wave 4.

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.

The EUR/USD uptrend is aiming for the round resistance level at 1.20.

The GBP/USD is testing the previous top. A bullish breakout could indicate an uptrend continuation. 

Check out the video below for the full analysis and trade plans on 5 – 7 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


Good trading,
Chris Svorcik

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