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

2 min read

The EUR/USD bearish momentum is challenging a key support zone at 1.15. A bearish breakout could indicate a continuation but a large weekly 50% Fib remains key at 1.1450. The GBP/USD however did break the previous bottom and is in a wave 3 bearish momentum. A wave 4 pullback seems to be the best trade setup once price retraces back to the 21 ema zone.

The EUR/USD is a key bounce or break spot. A bearish breakout below 1.15 however only offers space to 1.1450, which is the next critical bounce or break spot. A bullish bounce needs break above the 21 ema on the 1 hr chart.

The GBP/USD downtrend broke below the key bottom at 1.31 and is now building a bearish wave 3. The GBP/USD invalidated the bearish ABC with that break and is now looking for a wave 4 retracement back to the 21 ema for a continuation lower.

Check out the video for the full analysis and trade plans on 28-30 June 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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