? EUR/USD, GBP/USD Analysis & Setups 28-30 April ’18 ?

2 min read

Dear Traders,

the EUR/USD downtrend needs to bounce at the 50% at 1.2225 or lower otherwise the bearish breakout could turn out to be a false one. The GBP/USD is showing strong bearish momentum and could continue with one more lower low.

The EUR/USD made a bearish break below the key 1.2125 support zone and a downtrend now seems likely. The bears however will have to keep price below 1.2225 and show bearish continuation patterns before short setups appear. Any bullish pattern or break above 1.2225-1.2250 could indicate that the old bullish wave 4 correction is back in play.

The GBP/USD showed another strong bearish weekly candle and could continue with one more lower low if price retraces and stays below the 38.2-50% Fib zone on the 1 hour chart. Eventually a bullish ABC retrace is likely.

Check out the video for the full analysis and trade plans on 28-30 April 2018:

  • 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea


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