EUR/USD Tests 1.17 Support ? and GBP/USD Triangle ?

Dear Traders,

the EUR/USD broke below the 1.18 support zone and made a bearish move down. It is now testing the 1.1750-1.17 support zone which spark a bullish ABC zigzag towards 1.20. A break below 1.17 however could create a larger bearish downtrend towards the 38.2% Fib at 1.15.

The GBP/USD is building a bullish structure as price is creating a bull flag chart pattern. Two trend lines are also neatly marking potential bullish and bearish breakout for more up and downside.

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Check out the video for the full analysis and trade plans on 17 – 18 October 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

Many Green pips,

Chris Svorcik