The EUR/USD bullish momentum seems to have completed a bullish wave 1 and is now ready for a bearish wave 2 correction. A bearish break below support could trigger a wave 2 correction, which remain above 1.2150 support, otherwise a downtrend could emerge.
The GBP/USD is following a similar pattern as the EUR/USD and could be ready for a wave 1-2 followed by a bullish wave 3. The invalidation level is a break below the bottom and starting point of wave 1.
Check out the video for the full analysis and trade plans on 8-9 March 2018: