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: