🎦 EUR/USD, GBP/USD Analysis & Setups 20-21 Jan ’19 🎦

2 min read

Hi Traders, the EUR/USD has reached the 78.6% Fibonacci level which is most likely a bullish reversal spot for a wave C towards 1.1750. The GBP/USD made a bearish reversal at 1.30 and could see a bearish ABC back to the 50% Fib which in turn is a bullish reversal spot. Do you want to leave your feedback? Please write a review on Forex Peace Army.

The EUR/USD needs to break above the resistance levels oat 1.14 and 1.1425 to confirm the bullish reversal and continuation higher. A break below 1.1265 with a bearish daily candle would invalidate the upside.

The GBP/USD could build two head and shoulders reversal chart pattern, one for a bearish reversal and one for a bullish reversal.

Check out the video below for the full analysis and trade plans on 20-21 Jan 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 Elite CurrenSea

 

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