✅ EUR/USD, GBP/USD Analysis & Setups 16 – 17 Dec ’19 ✅
Dear Traders,
the EUR/USD is showing bearish price action signals and seems ready to retest the previous support at 1.10. GBP/USD is building a bearish retracement after a huge spike up to 1.35.
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The EUR/USD made a bullish move up but it is showing bearish price action as it tests the 1.12 resistance zone. A bearish breakout below 1.11 could indicate a bearish ABC pattern.
The GBP/USD is likely to build a triangle chart pattern before continuing with the uptrend.
Check out the video below for the full analysis and trade plans on 16 – 17 Dec 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
