The EUR/USD made a bullish bounce and seems ready to make a bullish swing as part of a potential wave C. The GBP/USD showed bearish daily engulfing twins but a break below the 21 ema is needed before a bearish swing is likely. Check out our education & research page at ECS.
EUR/USD showed a bullish inverted head and shoulers reversal pattern at 1.1425. Price could be building a bullish ABC pattern in a larger wave B of a bearish ABC zigzag pattern.
GBP/USD is either building a bearish wave 1-2 pattern or a bullish WXY formation. The direction depends on wherther price breaks above the top or below the 21 ema zone on the daily chart.
Check out the video for the full analysis and trade plans on 14-15 Oct 2018: