The EUR/USD failed to break above the 3rd wizz and previous top at 1.1730 and is showing a bearish reversal. The GBP/USD did break above resistance and made a strong push towards wizz level 4. Price could aim for 1.3275 if it manages to bounce at the 21 ema zone support. Check out our education & research page at ECS.
EUR/USD made a baerish reversal and is most likely building a bearish wave C as long as price stays below the 21 ema zone. The bearish wave C could aim for the 50-61.8% Fibonacci zone around 1.1450-1.15, which is a new decision zone for a bounce or break. A bounce could indicate the end of an ABC within wave B.
GBP/USD is testing a key support zone at 1.3025-1.3040. A bullish bounce aims for the target at 1.3275 whereas a bearish breakout still faces strong support on the daily chart.
Check out the video for the full analysis and trade plans on 16-17 September 2018: