? EUR/USD, GBP/USD Analysis & Setups 1-2 August ’19 ?

2 min read

Hi Traders,

the EUR/USD broke below the 1.11 critical support zone and is now showing a bearish breakout and downtrend continuation. The GBP/USD made a bearish bounce at the 50% Fib at 1.2250 and is likely to continue lower towards 1.20.

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The EUR/USD showed a strong bearish monthly candle in July and is likely to aim for targets at 1.10, 1.09 and 1.08.

The GBP/USD made a bearish breakout below the 21 ema zone and is now most likely awaiting a pullback before falling further.

Check out the video below for the full analysis and trade plans on 1-2 August 2019:

  • 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

EUR/USD, GBP/USD video:

Good trading,

Chris Svorcik

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