? EUR/USD, GBP/USD Analysis & Setups 18-19 September ’18 ?

2 min read

The EUR/USD is testing the key resistance zone at 1.1730. A bullish breakout offers wide open space for an impulsive uptrend continuation towards 1.18-1.20. The GBP/USD is showing a bullish breakout and possible continuation towards the main target at 1.3275. Check out our education & research page at ECS.

EUR/USD bullish breakout confirms a potential uptrend whereas a bearish bounce could see price develop a 3rd bearish corrective wave which could take price back to support at 1.1575, 1.1525, 1.1450.

GBP/USD is in an uptrend and aiming for the -61.8% Fibonacci target and 5th wizz level at 1.3275. A bearish retracement is likely to bounce as long as price stays above the bottom of wave A.

Check out the video for the full analysis and trade plans on 18-19 September 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

.

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of