? EUR/USD, GBP/USD Analysis & Setups 10-11 Oct ’19 ?

Hi Traders,

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.

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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:

• 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