✅ EUR/USD, GBP/USD Analysis & Setups 6 – 7 Apr ’20 ✅

Dear Traders,

the EUR/USD is showing bearish pressure and is likely to test support first. The GBP/USD needs to break below Fractal support at 1.22 to confirm a bearish swing.

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The EUR/USD is in a tough spot but likely to remain bearish below if it stays below the 21 ema zone on the 4 hour chart. But keep an eye on support, which could send it back up to retest the previous top.

The GBP/USD is expected to make a bearish breakout. But keep an eye on the 61.8% and 78.6% support Fibs.

Check out the video below for the full analysis and trade plans on 6 – 7 Apr 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