both the EUR/USD and GBP/USD are building a bullish rebound from key support zones. For the EUR/USD its the bigger consolidation zone and for the GBP/USD its a critical 50-6.18% Fib zone of wave 4 around 1.40.
The EUR/USD is building a massive consolidation zone and price could go sideways between support and resistance for a while. Price is now approaching a key support zone which is likely to send price back up again but a bearish break would indicate a larger reversal.
GBP/USD is moving sideways after bouncing at the 1.40 support zone. The support and resistance levels of this sideways range will be key in the direction of the next breakout. A bullish breakout could indicate a last wave 5 whereas a bearish break could lead to a bearish reversal.
Check out the video for the full analysis and trade plans on 8-9 April 2018: