? EUR/USD, GBP/USD Analysis & Setups 5 – 7 Jan ’20 ?

Dear Traders,

EUR/USD is testing support and likely to retest the 1.12 resistance. The GBP/USD is expected to build a triangle pattern.

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The EUR/USD break above 1.12 confirms the uptrend whereas a break below 1.11 indicates a deeper retracement towards 1.0950-1.10.

The GBP/USD bearish impulse indicates a zigzag pattern towards 1.25. Otherwise if the bulls keep control, then a triangle pattern is likely to take price up to 1.34.

Check out the video below for the full analysis and trade plans on 5 – 7 Jan 2020:

• 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