the EUR/USD is building a bullish correction within the downtrend and the GBP/USD is likely to bounce at the key resistance zone near 1.30.
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The EUR/USD bearish bounce is aiming at the next 78.6% Fibonacci level at 1.0940, which is likely to act as a support and potential reversal spot.
The GBP/USD bearish turn could confirm the final wave C of wave Y of wave 4 within the larger bull flag pattern on the daily chart.
Check out the video below for the full analysis and trade plans on 1 – 4 Dec 2019: