? EUR/USD, GBP/USD Analysis & Setups 6 – 8 May ’20 ?

Dear Traders,

the EUR/USD broke below the 1.09 support zone and is showing strong bearish momentum. The GBP/USD retested and bounced at the 1.25 resistance zone.

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The EUR/USD is aiming at the 1.0750-80 zone. A bearish breakout confirms the downtrend.

The GBP/USD breaks and closes below 1.24 for a downtrend continuation towards 1.2250.

Check out the video below for the full analysis and trade plans on 6-8 May 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