the EUR/USD is in a downtrend and likely to continue towards the 61.8% and 78.6% Fibs at 1.10 and 1.0940. The GBP/USD bears will also aim at the next support zone at 1.2750-1.2725.
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The EUR/USD is expected to make a bullish bounce at the 78.6% Fibonacci retracement level due to the strong weekly and monthly price action patterns.
The GBP/USD long-term direction depends on the price reaction at the next support zone around 1.2750.
Check out the video below for the full analysis and trade plans on 11 – 13 Nov 2019: