? EUR/USD, GBP/USD Analysis & Setups 26-27 May ’19 ?

2 min read

Hi Traders, the EUR/USD made a bullish bounce at 1.11, which seems to be confirming a double bottom at the support line of the falling wedge. The GBP/USD downtrend remains strong but a pullback is now taking place within wave 4.

If you think our videos, analysis and education help you become a better trader, then we would certainly appreciate your review on Forex Peace Army, thank you!
The EUR/USD needs break and close above 1.1250 or below 1.11 before a larger downtrend or bullish reversal becomes likely.

The GBP/USD has reached the 23.6% Fibonacci retracement level. Price could either make a correction to the 38.2% Fib or move sideways in the 21 ema and make a breakout below the 21 ema.

Check out the video below for the full analysis and trade plans on 26-27 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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of