The EUR/USD is expected to bounce at the bottom and support of a triangle chart pattern due to the bullish ABC wave pattern. The GBP/USD seems to be be building bearish ABC pattern after completing 5 bullish waves.
The EUR/USD is building a long and choppy range and both a bearish and bullish breakout of the triangle pattern is possible but the bullish break seems to be a slight favourite. In any case, a bullish bounce at the bottom of the triangle is likely to take price back to the resistance trend line for a new bounce or break decision zone.
The GBP/USD seems to have completed 5 bullish waves which is probably wave A of a larger bullish ABC zigzag pattern. Price is now expected to make an ABC pattern in wave B, which could see the development of 2 head and shoulders chart patterns.
Check out the video for the full analysis and trade plans on 29-30 July 2018: