✅ EUR/USD, GBP/USD Analysis & Setups 1 July ’19 ✅

2 min read

Hi Traders,

both the EUR/USD and GBP/USD are moving lower with strong momentum, which is probably a bearish ABC pattern. A bullish reversal is expected at the support Fibs.

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The EUR/USD bearish wave C is aiming for the 1.1275 support zone and 61.8% Fibonacci level, which could act as a bouncing spot for a move up to 1.1450 and 1.15.

The GBP/USD has completed a bullish ABC within a bearish wave B on the 1 hour chart. The current bearish price action is probably the expected wave C, which could be finished around the support zone of 1.26. This 50-61.8% Fib zone is likely to act as a bouncing spot for one more move up.

Check out the video below for the full analysis and trade plans on 1 July 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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