? EUR/USD, GBP/USD Analysis & Setups 22 – 24 Jan ’20 ?

Dear Traders,

the EUR/USD made a bearish bounce at the 1.1125 resistance zone and is aiming for 1.10 support zone. The GBP/USD made a strong bullish bounce at the deep 88.6% Fibonacci retracement level.

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The EUR/USD seems to be building a bearish wave C. A breakout below 1.1080 should send price lower, although the news events this week could slow down price action.

The GBP/USD is building a triangle chart pattern and a bullish breakout could see a bullish impulse aim for 1.3160 and 1.3220.

Check out the video below for the full analysis and trade plans on 22 – 24 Jan 2020:

• 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