the EUR/USD is expected to decline towards the 88.6% Fibonacci support at 1.06. The GBP/USD is waiting for a bear flag and breakout for a move towards 1.1250.
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The EUR/USD is expected to continue lower within the downtrend channel on the weekly chart.
The GBP/USD bearish momentum remains strong. The downtrend is intact as long as price action stays below the 50% Fib at 1.2250.
Check out the video below for the full analysis and trade plans on 23 – 24 Mar 2020: