The EUR/USD, GBP/USD pairs continued with the downtrend last week but showed strong bullish reversals on the last trading day. The momentum is indicating that a larger bullish retracement is possible and likely.
The EUR/USD is probably ready for building a bullish ABC correction. The first target is aimed at the resistance zone around 1.18 but a break below 1.15 would invalidate that pattern.
The GBP/USD is in a similar structure and situation where a bullish reversal is becoming more likely unless price breaks below the 1.31 support zone.
Check out the video for the full analysis and trade plans on 24-25 June 2018: