? EUR/USD, GBP/USD Analysis & Setups 18 – 20 Dec ’19 ?
Dear Traders,
the EUR/USD needs a break below 1.11 or above 1.1180 before a new price swing can develop. The GBP/USD is retesting strong support zone and likely to build a bullish bounce.
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The EUR/USD bearish breakout could confirm a bearish wave C and aim for the next support at 1.10 whereas a bullish break aims at 1.1250-80.
The GBP/USD could build a triangle pattern if price is able to bounce above 1.30-1.31.
Check out the video below for the full analysis and trade plans on 18 – 20 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
