the EUR/USD is showing strong bearish momentum and is aiming for the target at 1.0950-1.10. The GBP/USD is testing the key support zone at 1.2950 for a bull bounce or bear break.
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The EUR/USD is breakout below the support line, 1.11 round level, and 21 ema zone is indicating more bearishness.
The GBP/USD bounce at 1.2950 support zone could create an ABC zigzag towards 1.32 whereas a bearish break aims at 1.2750.
Check out the video below for the full analysis and trade plans on 20 – 21 Jan 2020: