✅ EUR/USD, GBP/USD Analysis & Setups 30-31 May ’19 ✅

2 min read

Hi Traders, the EUR/USD is testing last week’s weekly low and the 78.6-88.6% Fibonacci retracement levels. The GBP/USD also needs to either bounce or break the previous bottom at 1.26 before a clear direction is possible.

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 is showing strong bearish momentum but a bullish bounce is still the most likely scenario unless price clearly breaks the double bottom pattern at 1.1108.

The GBP/USD is also likely to build a triangle chart pattern unless price breaks below the 1.26 support zone.

Check out the video below for the full analysis and trade plans on 30-31 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

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