? Will EUR/USD, GBP/USD Bearish Momenum Break 1.22 and 1.3750? ?

Dear Traders,

The EUR/USD is testing a key support zone at 1.22 and bullish and bearish breakouts could occur above 1.2250 and below 1.2175. The breakout direction is important because it will also indicate whether price is bullish or bearish in the next weeks.

The GBP/USD is offering key levels and potential setups at 1.3750 and 1.3850. The daily candle is stongly bearish due to its large size and candle close near the low. However, price was unable to break below key support so observing price action at key decision zone remains key.

Check out the video for the full analysis and trade plans on 1-2 March 2018:

• EUR/USD, GBP/USD, GBP/JPY 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

Good trading,
Chris Svorcik

Fibonacci Strategy & Tools

Explore how to apply fibonacci to trade Forex, Cryptos & Stocks.

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