? EUR/USD, GBP/USD Analysis & Setups 5 – 6 Dec ’19 ?
Dear Traders,
the EUR/USD could be soon completing 5 bullish waves and ready for a bearish reversal. The GBP/USD bullish breakout above the key 1.30 resistance zone is strong and aiming for 1.3250.
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The EUR/USD could be completing 5 bullish waves of a wave C at the 1.11-1.12 resistance zone. A bearish bounce and breakout is aiming at 1.0940 and 78.6% Fibonacci retracement level.
The GBP/USD bulls are strongly in control and a bullish continuation is very likely. Mild pullbacks towards the 21 ema zone and bullish bounces are expected.
Check out the video below for the full analysis and trade plans on 5 – 6 Dec 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
