? EUR/USD, GBP/USD Analysis & Setups 18-20 Oct ’18 ?

2 min read

The EUR/USD made a false bullish break before showing a strong bearish break below the 21 ema. It is now approaching a key support zone around 1.1450. The GBP/USD remains indecisive but a bearish break below 1.31 could start momentum. Check out our premium offer when trading with XM via ECS.

EUR/USD is expected to make a bullish bounce at the 1.1450 support zone as part of a bullish ABC zigzag pattern. But a break below 1.1430 could invalidate that pattern and indicate a strong bearish breakout.

GBP/USD remains in a difficult spot. The long-term charts are in a downtrend but the lower time frames remain choppy and corrective.

Check out the video for the full analysis and trade plans on 18-20 Oct 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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