Dear Traders,
the EUR/USD is building a triple bottom at the 78.6% Fibonacci support. The GBP/USD is testing a 38.2-50% Fibonacci resistance zone.
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The EUR/USD needs to break above the 144 ema at 1.09 before the bulls can mount a bullish push. The bears need to break below 1.0750.
The GBP/USD made a huge decline below 1.24 and could now be building a pullback within wave 4. A bearish continuation indicates a wave 5 of wave C and aims at 1.2175.
Check out the video below for the full analysis and trade plans on 22 – 24 Apr 2020:
EUR/USD, GBP/USD technical analysis
Good trading,
Chris Svorcik
Elite CurrenSea
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