🌟 EUR/USD, GBP/USD Analysis & Setups 26 – 27 Oct 2020 🌟

4 min read

Hi Traders,

the EUR/USD is completing a bullish ABC pattern before another bearish price swing should take price to the 1.15 target and support zone. The GBP/USD could also build a final wave 5 of wave C before moving lower.

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EUR/USD & GBP/USD Overview

The EUR/USD is testing the 1.1750-1.18 support zone. A bullish bounce could start a move up towards the target at 1.1925.

The GBP/USD made a bounce at the 1.30 support. Price action will need to break above the 21 ema zone and confirma higher low before a move towards 1.3250 is possible. A break below the 1.2950 indicates bearishness.

Check out the video below for the full analysis and trade plans on 26 – 27 Oct 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

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