✅ EUR/USD, GBP/USD Analysis & Setups 9-11 Sep 2020 ✅
September 9, 2020
3 min read
Hi Traders,
the EUR/USD broke below the 144 ema and is aiming for the 23.6% Fibonacci level at 1.17. The GBP/USD momentum is very strong but a pullback is needed before trading to the downside.
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The EUR/USD is building a bearish retracement but a bounce at 1.17 remains likely. A continuation of the bearish pullback after the bounce is likely.
The GBP/USD is even more bearish and a continuation is very likely but only after a bear flag pattern or retracement towards the 144 ema.
Check out the video below for the full analysis and trade plans on 9-11 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
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