the EUR/USD is building a bearish breakout and a downtrend continuation is likely if a bear flag chart pattern remains below 1.1050. The GBP/USD is building a bearish wave C, which is aiming for 1.2750.
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The EUR/USD bearish pattern is likely to aim at the next Fibonacci support zone at 1.0940 unless price shows bullish momentum that can break above 1.11.
The GBP/USD remains bearish too, as long as price stays below 1.29. A bearish bounce at 1.2850 could confirm a downtrend towards the bottom of the bull flag chart pattern.
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