? EUR/USD, GBP/USD Analysis & Setups 4-5 June ’19 ?

2 min read

Hi Traders, EUR/USD showed strong bullish momentum yesterday and a continuation higher towards 1.1325 is likely. The GBP/USD is testing the 1.27 resistance zone which could cause a bearish reversal.

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The EUR/USD is expecting one or two more higher highs as long as price stays above the 1.1225 support zone. The 1.13 zone remains a strong resistance level though and a key decision candle is expected on the daily chart.

The GBP/USD remains in a strong downtrend and could immediately continue with the downtrend if a bearish pinbar candlestick pattern appears on the 4H chart.

Check out the video below for the full analysis and trade plans on 4-5 June 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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