the EUR/USD is testing the support zone at the 78.6% Fibonacci level, which is a key bounce or break spot. The GBP/USD will need to break above 1.25 for a bullish wave 5.
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The EUR/USD needs a break above the 144 ema for a bullish rally. A push below 1.08, however, could restart the downtrend.
The GBP/USD bulls are looking to aim at 1.27-1.2750 with a break above 1.25. A break below 1.2380 indicates a downtrend.
Check out the video below for the full analysis and trade plans on 19 – 21 Apr 2020:
EUR/USD, GBP/USD technical analysis