☝️ EUR/USD, GBP/USD Analysis & Setups 24-26 May ’18 ☝️

Dear traders,

the EUR/USD, GBP/USD are testing Fibonacci resistance levels of the wave 4 which could be a turning spot for a downtrend continuation for at least one more lower.

The EUR/USD downtrend is testing a key resistance zone at 1.17-1.1750, which is critical due to the Fibonacci levels of wave 4. A bearish breakout could indicate a continuation with wave 5 towards the Fibonacci targets.

The GBP/USD downtrend is also at Fibonacci resistance levels of wave 4 and is approaching a similar bounce or break spot. A bearish bounce could see price make a downtrend continuation if price does not hit the invalidation level.

Check out the video for the full analysis and trade plans on 24-26 May 2018:

• 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea

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