Hi Traders,
the EUR/USD is showing strong bullish momentum with a target at 1.1950 and 1.2025. Bull flag patterns could confirm the continuation higher. The GBP/USD is testing the 61.8% Fibonacci level. A bullish bounce could indicate one more swing up.
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 on Trustpilot.Β
Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
The EUR/USD is showing strong bullish daily candles after a bounce at the 38.2% Fibonacci retracement level at 1.17. The bullish reversal has already reached 1.19 and bull flag patterns are expected before reaching the target zone of 1.1950 and 1.2025 within a wave 5 of A.
The GBP/USD could be completing a bearish ABC pattern within wave B and ready for a move up within wave C if price action can break above the 21 ema zones on the 1 hour and 4 hour chart.
Check out the video below for the full analysis and trade plans on 7 – 9 April 2021:
Good trading,
Chris Svorcik
Leave a Reply