✅ EUR/USD, GBP/USD Analysis & Setups 2-3 May ’19 ✅

2 min read

Hi Traders, the US Dollar strength failed to continue and both EUR/USD and GBP/USD made strong gains despite the USD bullish break. The EUR/USD however is showing a reversal daily candlestick and could break lower.

If you think our videos, analysis and education help you become a better trader, then we would certainly apprecaite your review on Forex Peace Army, thank you!
The EUR/USD break below the 21 ema low could confirm the downtrend continuation towards 1.11 and 1.10. However, a bullish break above 1.1275 would invalidate the bearish breakout and could indicate a reversal.

The GBP/USD upside is even stronger than the EUR/USD. Chris will keep an eye on the daily chart for a breakout below 1.2975 to confirm a bearish setup whereas the weekly candle is the best confirmation for an upside continuation.

Check out the video below for the full analysis and trade plans on 2-3 May 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

EUR/USD, GBP/USD video:

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