✅ EUR/USD, GBP/USD Analysis & Setups 2 – 4 Dec 2020 ✅

5 min read

Hi Traders,

the EUR/USD made a strong and critical breakout above the 1.20 resistance zone. We review the bullish targets and long-term wave patterns. The GBP/USD is struggling at the triple top and building a rising wedge reversal chart pattern.

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 needs a bull flag pattern and breakout at the -61.8% Fib at 1.2115 to confirm the wave 3 and uptrend.

The GBP/USD is in a choppy range and could easily go sideways within that range. A bearish breakout could indicate a bearish reversal.

Check out the video below for the full analysis and trade plans on 2 – 4 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


Good trading,
Chris Svorcik

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