✅ EUR/USD, GBP/USD Analysis & Setups 12-13 Sept ’19 ✅
Hi Traders,
the EUR/USD made a bearish decline but bounced at the 61..8% Fibonacci retracement level. The GBP/USD is going sideways and needs a clear breakout.
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The EUR/USD is probably still in a bullish ABC zigzag pattern as long as price stays above the bottom at 1.0925. A wave C could aim for the -27.2% Fib target at 1.1125.
The GBP/USD bullish breakout aims for the next target at 1.2425 whereas a bearish breakout below 1.23 could see a drop towards the 61.8% Fib.
Check out the video below for the full analysis and trade plans on 12-13 September 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
