EUR/USD Challenges ? Key Resistance Decision Zone at 1.17 ?
Dear Traders,
the EUR/USD is testing a key resistance decision zone at 1.17-1.1750. A bullish breakout on the daily chart marks the end of wave 4 and the start of bullish wave 5 whereas reversal candlestick patterns could expand the bearish correction down to the 38.2% Fib support at 1.15.
The GBP/USD remains choppy and could be building a bullish ABC zigzag unless price breaks with strong bearish daily candle.
Check out the video for the full analysis and trade plans on 14-15 November 2017:
- EUR/USD, GBP/USD technical analysis
- Review of patterns, trends, key S&R levels
- Explanation of potentrial trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
See the video below for all of the details
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Good trading,
Chris Svorcik
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