🎦 EUR/USD, GBP/USD Analysis & Setups 19 – 20 Oct 2020 🎦

Hi Traders,

the EUR/USD is showing strong bullish impulsive price action. A flag or retrace followed by a breakout is expected to reach 1.1925-1.1950. The GBP/USD is also bullish and aiming for 1.3175.

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EUR/USD & GBP/USD Overview

The EUR/USD has probably completed a wave B of a larger bullish ABC pattern. A break above 1.1780 could confirm the bullish view.

The GBP/USD also seems to be creating an expanded bullish ABC correction.

Check out the video below for the full analysis and trade plans on 19 – 20 Oct 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