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.
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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: