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: