the EUR/USD is breaking above the 1.10 resistance after the 5th attempt. The current breakout is aiming for the targets at 1.1050-1.11. The GBP/USD bounced at the 61.8% Fibonacci support but needs to show momentum above 1.2275 before more upside can be expected.
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 seems to be completing 5 bullish waves which indicates the potential for a larger ABC zigzag towards 1.1250.
The GBP/USD is struggling to make a decision at 1.22 support. A bearish breakout should price fall towards the 78.6% Fibonacci retracement level at 1.2090 whereas a break above 1.2275 should see price rise towards 1.24 or 1.25.
Check out the video below for the full analysis and trade plans on 10 – 11 October 2019: