? EUR/USD, GBP/USD Analysis & Setups 16 – 22 May ’20 ?

2 min read

Dear Traders,

EUR/USD remains in a range and price could retest 1.10 again. The GBP/USD is in a bearish momentum and will likely aim for 1.20 support.

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The EUR/USD could go sideways for another 203 weeks before breaking the range. A bearish breakout has a small edge.

The GBP/USD downtrend is aiming for the 50% Fibonacci retracement level at 1.20, which could provide a bounce.

Check out the video below for the full analysis and trade plans on 16-22 May 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


Good trading,
Chris Svorcik
Elite CurrenSea

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