EUR/USD Challenges 1.24 ? GBP/USD Bears Control ?

2 min read

Dear Traders,

EUR/USD will need to break above 1.25 resistance or 1.2150 support for a key breakout. For the momentum, bullish momentum could send price higher to test resistance. The GBP/USD bearish momentum created a larger bearish reversal, check out the video to see how far the GU can drop.

The EUR/USD failed to break above the 21 ema of the daily chart… The bulls seem to have an upper hand at the moment but it will depend whether price is able to break above the 1.2450-1.25 resistance zone.

The GBP/USD made a strong bearish impulse and invalidated the upside. More bearish price action is now expected, either as part of a larger ABC correction or as part of a reversal.

Check out the video for the full analysis and trade plans on 19-20 April 2018:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potential 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
Elite CurrenSea

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