✅ EUR/USD, GBP/USD Analysis & Setups 4 – 6 Nov ’19 ✅

Hi Traders,

the EUR/USD price action remains bullish and an immediate break of the ascending wedge pattern could aim at 1.1250-1.13. The GBP/USD remains bullish too but price will need to break above 1.30.

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The EUR/USD needs to stay above 1.1125-1.1150 otherwise a larger ABC correction could take place. In that case, price could retest the 1.1075 support zone. A bullish break is aiming for 1.1225-1.13 zone.

The GBP/USD bulls have control the price action as long as price stays above the 21 ema zone of the 4 hour and daily chart.

Check out the video below for the full analysis and trade plans on 4 – 6 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