✅ EUR/USD, GBP/USD Analysis & Setups 14-16 Oct ’19 ✅

2 min read

Hi Traders,

the EUR/USD is building a bullish ABC zigzag pattern. Currently price is expected to move lower as part of the wave B. The GBP/USD is also building a retracement but the bulls are expected to keep control as long as price stays above 1.24.

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The EUR/USD could be be building a head and shoulders pattern for a bearish move from 1.1040 to 1.0950/25, which in turn could be a bullish bouncing spot towards 1.11-1.12.

The GBP/USD could build one more higher high this week when considering the strong bullish weekly candle.

Check out the video below for the full analysis and trade plans on 14 – 16 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

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