✅ EUR/USD, GBP/USD Analysis & Setups 19-21 August ’19 ✅

2 min read

Hi Traders,

the EUR/USD downtrend is testing the 78.6% Fibonacci which is likely to be a reversal spot for a bullish wave C unless price breaks below 1.1025. The GBP/USD is building a bullish retracement towards 1.12250.

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The EUR/USD downtrend is facing strong support. A break below the bottom could send price down to 1.09 and 1.08 whereas a bullish bounce could send the EUR/USD in an ABC towards 1.13-1.14.

The GBP/USD bullish price action is probably a wave C of a larger ABC zigzag pattern.

Check out the video below for the full analysis and trade plans on 19-21 August 2019:

  • 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


Good trading,

Chris Svorcik

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