🎦 EUR/USD, GBP/USD Analysis & Setups 7 – 9 Oct 2020 🎦

Hi Traders,

the EUR/USD is testing the 21 ema zone on the daily chart and could make a bearish retest of the support first of all. The same is true for the GBP/USD which could easily create a bearish ABC pattern.

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EUR/USD & GBP/USD Overview

The EUR/USD is expected to make a bullish bounce and breakout towards the -61.8% Fibonacci target at 1.1925, which is a key zone for a bearish bounce or wave 3 continuation.

The GBP/USD is expected to test the support zone first and also make a bullish bounce.

Check out the video below for the full analysis and trade plans on 7 – 9 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