The EUR/USD has 3 bullish daily candles in a row and has turned the HMA back up. Can the EUR/USD build a larger retracement or will the downtrend continue? The GBP/USD is in a similar tough spot as it faces a downtrend continuation or bullish pullback.
The EUR/USD is in a difficult spot. Price patterns will play a key role in how this pair behaves and continues. For the moment, a larger bullish retracement towards th 1.1750-1.1840 resistance zone seems likely.
The GBP/USD is also in a potential bullish correction, which could aim at 1.34. Potential trade setups could be available if price rebreaks above the 21 ema band for the 2nd time.
Check out the video for the full analysis and trade plans on 26-27 June 2018:
Good trading,
Chris Svorcik
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