? EUR/USD, GBP/USD Analysis & Setups 17 – 18 Mar ’19 ?
Hi Traders, the EUR/USD is close to a key resistance zone which could send the pair down again. But this video explains why a bull reversal at 1.1250 could offer enormous potential. The GBP/USD is bouncing at the 38.2% Fibonacci support zone and could aim for one more higher high at 1.34-1.35. Please write a review on Forex Peace Army. The EUR/USD is approaching the top of a bearish channel which could be a bouncing spot for a move lower towards the 1.1250 support zone. A bullish rerversal however could finally indicate an increase of momentum. The GBP/USD upside becomes questionable if price breaks below the 50-61.8% Fibonacci support zone of wave 4. Otherwise a last bullish wave 5 of wave C is expected to finish at 1.34-1.35.
Check out the video below for the full analysis and trade plans on 17 – 18 Mar 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
