? EUR/USD, GBP/USD Analysis & Setups 4-7 August ’19 ?

2 min read

Hi Traders,

the EUR/USD showed a strong wick at the bottom of the weekly candle. A retracement to 1.12 could take place first before price moves to 1.10 within the downtrend. The GBP/USD downtrend remains strong and a continuation is likely to aim at 1.20 after a decent pullback.

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.
The EUR/USD needs to break below 1.10 before a larger bearish continuation is likely.

The GBP/USD has reached Wizz level 9 and needs a bullish retracement before a downtrend setup is ready.

Check out the video below for the full analysis and trade plans on 4-7 August 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

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of