? EUR/USD, GBP/USD Analysis & Setups 31 Oct – 1 Nov ’19 ?

Hi Traders,

the EUR/USD showed strong bullish momentum yesterday afer bouncing at the 1.11 support zone. Price seems ready for a continuation towards 1.1250-1.13. The GBP/USD corrective zone could be a wave 4 and a retest of 1.30 is likely.

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The EUR/USD remains bullish as long as price stays above the 50% Fibonacci retracement level at 1.1125.

The GBP/USD bulls need to break above 1.30 for an uptrend. A bearish bounce could indicate an ABC pattern.

Check out the video below for the full analysis and trade plans on 31 Oct – 1 Nov 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