✅ EUR/USD, GBP/USD Analysis & Setups 20-22 Sep 2020 ✅

Hi Traders,

the EUR/USD is facing strong resistance and a bearish bounce is likely. The GBP/USD is in an uptrend channel but price action first needs a clear breakout above resistance or below support.

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The EUR/USD is in a range with two weekly candles ending up as a Doji. The bears, however, are likely to build a reversal if price action stays below 1.1960 and breaks below 1.17-1.1730.

The GBP/USD bullish channel could turn out to be a bear flag chart pattern if price action breaks the support fractal. A bullish break of the resistance fractal should send it higher towards the 50% Fib at 1.3125.

Check out the video below for the full analysis and trade plans on 20-22 Sep 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