๐Ÿ” EUR/USD, GBP/USD Analysis & Setups 29-30 Nov ’18 ๐Ÿ”

2 min read

The EUR/USD bounced around the 1.13 support zone as expected and has made a bullish engulfing twin candlestick pattern on the daily chart. More bullishness could take place after a pullback. The GBP/USD also showed a bullish reversal at the bottom of the triangle pattern.ย Write a review on Forex Peace Army and help ECS.

The EUR/USD broke above the 21 ema zone of the 4 hour chart after showing strong bullish momentum at the 1.13 support zone. Price has perhaps completed a 5 wave pattern on the 1 hour and could make an ABC retracement back into the 21 ema zone which will probably act as a bouncing spot for more upside.

The GBP/USD is also expected to expand its bullish correction up to the round level of 1.30. The GU could also make a bullish bounce after making a bearish retracement.

Check out the video belowย for the full analysis and trade plans on 29-30 Novย 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

EUR/USD, GBP/USD video:

Good trading,
Chris Svorcik
Elite CurrenSea

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