✅ EUR/USD, GBP/USD Analysis & Setups 2 – 3 Nov 2020 ✅

4 min read

Hi Traders,

the EUR/USD is showing bearish momentum and expecting a bear flag for a downtrend continuation. The GBP/USD also remains bearish as long as price action remains below 1.2950-1.30.

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EUR/USD & GBP/USD Overview

The EUR/USD is likely to use 1.1675-1.1750 as a resistance zone for a push lower within wave 3 or wave 5. A shallow pullback would be typical for a wave 4.

The GBP/USD needs to form a bullish correction to confirm a downtrend continuation. A break above 1.30 could indicate a false breakout below the uptrend channel.

Check out the video below for the full analysis and trade plans on 2 – 3 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


Good trading,
Chris Svorcik

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