? EUR/USD, GBP/USD Analysis & Setups 1 – 4 Dec ’19 ?

2 min read

Dear Traders,

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.

If you think our videos, analysis, and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army.

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:

  • 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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