? EUR/USD, GBP/USD Analysis & Setups 9-11 Sep ’19 ?
Hi Traders,
the EUR/USD is moving sideways after bouncing at the 78.6% Fibonacci level. a bearish breakout is now more likely but will need to push below 1.10. The GBP/USD is likely to keep building a sideways correction.
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The EUR/USD break above the resistance trend line could spark a wave C rally towards 1.11-1.12. A downtrend remains valid as long as price stays below 1.1250.
The GBP/USD bullish wave C could aim as far as 1.25-1.26 and still be considered as part of a bearish wave 4.
Check out the video below for the full analysis and trade plans on 9-11 September 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
