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.
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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: