✅ EUR/USD, GBP/USD Analysis & Setups 28-29 August ’18 ✅
The EUR/USD is moving up in a strong bullish impulsive after bouncing twice at the 21 ema zone. Price is now reaching a new decision zone at a strong point of confluence at the 38.2% Fib around 1.1775. The GBP/USD is moving up as well after bouncing at the 21 ema zone and is aiming for a key resistance zone near 1.30.
EUR/USD seems to be completing a final bullish wave 5 within a wave A unless price manages the close and break above 1.18 on a daily chart. A break below the 21 ema after a bounce at 1.1750-1.18 could indicate a bigger bearish reversal.
GBP/USD direction will depend on the reaction at the 1.30 decision zone.
Check out the video for the full analysis and trade plans on 28-29 August 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
