🎦 EUR/USD, GBP/USD Analysis & Setups 9 – 11 Dec 2020 🎦

Hi Traders,

the EUR/USD is in a strong uptrend but remains vulnerable for a pullback. The GBP/USD bulls look strong at the moment but the resistance at 1.3475-1.35 is the key zone.

The GBP/USD is breaking the rising wedge and showing a large reversal towards 1.27-1.28.

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EUR/USD & GBP/USD Overview

The EUR/USD could break support and test the support zone at 1.20-1.2075 for a bullish bounce and uptrend continuation. For an immediate uptrend, price action needs to break the key resistance trend line.

The GBP/USD direction depends on the price reaction at the resistance zone at 1.35. This decision zone will indicate whether price will break or bounce.

Check out the video below for the full analysis and trade plans on 9 – 11 Dec 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