? EUR/USD, GBP/USD Analysis & Setups 17-18 July ’18 ?

2 min read

The EUR/USD, GBP/USD seem to be completing bullish ABC zigzag patterms. Any bearish retracement is expected to find support and a bullish continuation towards the main targets at 1.1850 (EUR/USD) and 1.34 (GBP/USD).

The EUR/USD is moving higher within a 5th wave of wave A and aiming for the Fibonacci targets. Any bearish retracement could be part of a wave B after which one more bullish wave C is expected.

The GBP/USD is either in a bearish wave B or bullish wave C, which depends on whether price is able to break above the resistance zone. The GU is also expanding a bullish ABC pattern similar to the EUR/USD.

Check out the video for the full analysis and trade plans on 17-18 July 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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