🌟 EUR/USD, GBP/USD Analysis & Setups 7-9 Oct ’19 🌟

2 min read

Hi Traders,

the EUR/USD is facing strong support at 1.0950, which is a key bounce or break spot. The GBP/USD bears pushed price lower but the pair remains in a large correction.

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The EUR/USD bulls must defend 1.0950 and break above 1.10 if they want to confirm a 5th wave. A break below the 144 ema could send the EUR/USD back down to test the previous bottom but the last week’s weekly candle is suggesting more upside.

The GBP/USD is testing support levels and is likely to make a bullish bounce at 1.2280 or 1.2225 for a larger bullish correction.

Check out the video below for the full analysis and trade plans on 7 – 9 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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