? EUR/USD, GBP/USD Analysis & Setups 26-27 April ’18 ?
Dear Traders,
the EUR/USD interest rate will most likely decide whether how the bearish momentum will push versus the key support zone at 1.21-1.2150 whereas the GBP/USD is completing a wave 4 within the downtrend and bearish wave 1.
The EUR/USD is still expected to break or bounce in this key support zone. Price is now in a potential wave 3 and one more lower low is possible within the bearish correction. However, a bearish breakout could indicate a a new downtred whereas as a bullish bounce needs to show a 5 wave pattern otherwise the revival of the bullish wave 5 could be in trouble.
The GBP/USD is starting a larger downtrend and could extend its bearish momentum within bearish wave 1.
Check out the video for the full analysis and trade plans on 26-27 April 2018:
- 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
See the video below for all of the details
Good trading,
Chris Svorcik
Elite CurrenSea
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