? EUR/USD, GBP/USD Analysis & Setups 12-14 August ’19 ?

2 min read

Hi Traders,

the EUR/USD is moving sideways in a triangle pattern and awaiting a breakout. The 61.8% Fib is a strong support zone. The GBP/USD downtrend has reached close 1.20 and could make a retracement towards 1.2075-.121.

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The EUR/USD could build an inverted head and shoulders reversal chart pattern at the 61.8% Fib and move up towards the target zone at 1.13-1.14.

The GBP/USD could continue with the downtrend if price respects the resistance zone around 1.2075-1.21.

Check out the video below for the full analysis and trade plans on 12-14 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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