🎦 EUR/USD, GBP/USD Analysis & Setups 28-29 Sep 2020 🎦

Hi Traders,

the EUR/USD is likely to build a bullish pullback to 1.2675-1.2725 but the outlook remains bearish after a strong bearish weekly candle. The GBP/USD, however, is breaking the resistance at the 21 ema and likely to build a bullish ABC zigzag.

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EUR/USD & GBP/USD Overview

The EUR/USD seems overextended on the lower time frames and some kind of bullish retracement is probable. 

The GBP/USD bulls are aiming for the 1.2980 and 38.2% Fibonacci retracement level.

Check out the video below for the full analysis and trade plans on 28-29 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