✅ EUR/USD, GBP/USD Analysis & Setups 2-3 Dec ’18 ✅

2 min read

The EUR/USD is retesting the support zone at 1.12-1.13 again and a bullish reversal is expected. A break above the 21 ema zone on the 4 hour and daily chart is needed to confirm a bullish continuation. The GBP/USD is also testing the bottom of the triangle again and here a break breakout is needed for a move to 1.30. Write a review on Forex Peace Army and help ECS.

The EUR/USD is probably building a larger bullish ABC pattern. It seems to have completed 5 bullish waves and a bearish ABC on the 1 hour chart which looks like a wave 1-2 within the bullish wave C. The main target is 1.17-1.18 zone.

The GBP/USD break above the 21 ema zone could confirm the bullish breakout towards 1.30 and the top of the triangle chart pattern.

Check out the video below for the full analysis and trade plans on 2-3 Dec 2018:

  • 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
Elite CurrenSea

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