🌟 EUR/USD, GBP/USD Analysis & Setups 16 – 18 Dec 2020 🌟

5 min read

Hi Traders,

the EUR/USD is showing a strong bullish breakout as expected. Price could still build several higher highs within the uptrend. The GBP/USD needs a bull flag on the 1 hour chart before it is probably able to break above the 1.35 resistance zone.

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 ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.

EUR/USD & GBP/USD Overview

The EUR/USD is in a strong uptrend and reaching the next target zone around 1.2250. Can the bulls keep control? A few new higher highs are possible if chart patterns appear.

The GBP/USD is in a similar uptrend after breaking above the resistance trend line. The next target could be as high as 1.3750.

Check out the video below for the full analysis and trade plans on 16 – 18 Dec 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

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of