? EUR/USD, GBP/USD Analysis & Setups 28-30 Oct ’19 ?

2 min read

Hi Traders,

the EUR/USD is testing the last support Fibonacci level of wave 4, which is a key decision zone for a bearish reversal or bullish continuation. The GBP/USD needs a bullish or bearish breakout before a new trend can emerge.

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The EUR/USD bearish breakout below 1.1060 indicates more bearishness towards 1.10 and 1.0940, which are the next decision zones. A bullish breakout is aiming at 1.1250.

The GBP/USD bullish breakout is aiming for 1.3250 whereas a bearish breakout is aiming for 1.25-1.26.

Check out the video below for the full analysis and trade plans on 28 – 30 October 2019:

  • 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

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