✅ EUR/USD, GBP/USD Analysis & Setups 11-13 Oct ’18 ✅

2 min read

The EUR/USD broke above the resistance trend lines and seems to be building a bullish ABC pattern. The GBP/USD has reached key and a tough zone of Fibonacci resistance levels, will it be bounce or break? Check out our education & research page at ECS.

EUR/USD could complete wave A of wave B at the 38.2 or 50% Fib level which could create a bearish bounce back to 1.15. A bounce at that support could see a rally towards 1.16 and even 1.17.

GBP/USD is moving into Fibonacci resistance area and could make a bounce back down to 1.3150 which is a key bounce or break spot.

Check out the video for the full analysis and trade plans on 11-13 Oct 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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