🎦 EUR/USD, GBP/USD Analysis & Setups 18 – 20 Nov 2020 🎦

Hi Traders,

the EUR/USD is using the 21 ema support zone but it needs a break above the resistance trend lines as well. The GBP/USD is moving up quickly and a break above 1.33 aims at 1.3390.

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EUR/USD & GBP/USD Overview

The EUR/USD needs a break above 1.1890 to aim at the target zone around 1.1975-1.20.

The GBP/USD is building a well balanced uptrend channel. Price action is now awaiting a breakout above 1.33 or a retracement and bounce at 1.3250.

Check out the video below for the full analysis and trade plans on 18 – 20 Nov 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