✅ 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.

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 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

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