? EUR/USD, GBP/USD Analysis & Setups 12 – 14 Feb ’20 ?
Dear Traders,
the EUR/USD is oversold and a bullish correction is likely. The GBP/USD is showing an ascending wedge chart pattern and aiming for a new high.
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The EUR/USD is showing an inverted head and shoulders reversal pattern. Price also made a lower high and looks ready for a bullish break.
The GBP/USD made a bullish bounce a major 50% Fib support zone. A break above 1.30-1.3025 is needed before an uptrend is possible.
Check out the video below for the full analysis and trade plans on 12 – 14 Feb 2020:
- 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
Elite CurrenSea
