the EUR/USD is again above the double bottom at 1.0925 and will either need a clear break below the support or price will likely move up towards the resistance zone around 1.0975-1.10. The GBP/USD seems have completed a bearish ABC at the 50% Fib support and could be building a bullish ABC pattern.
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The EUR/USD is expected to make a bearish bounce around 1.10 for a downtrend continuation. There is also the chance of an immediate bearish breakout below 1.0925.
The GBP/USD is likely to build a bullish ABC pattern as long as price stays above the 50% Fibonacci support level at 1.2270. A bullish bounce is aiming for the 38.2% Fibonacci resistance level at 1.2390.
Check out the video below for the full analysis and trade plans on 30 Sep – 2 Oct 2019: