? EUR/USD, GBP/USD Analysis & Setups 8 – 10 Dec ’19 ?

Dear Traders,

the EUR/USD seems to have completed a bullish wave C at 1.11 resistance and a bearish reversal could aim for the 78.6% Fib at 1.0950. The GBP/USD is showing a strong bullish breakout with the main targets at 1.3250 and 1.35.

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The EUR/USD is probably building a wave 4 if the price action respects the 38.2-61.8% Fibonacci resistance zone and 21 emas. The bearish bounce is aiming at the 1.10 round level.

The GBP/USD bullish uptrend is strong and will continue higher to 1.3250 after price has made a light pullback towards 1.3050-1.31.

Check out the video below for the full analysis and trade plans on 8 – 10 Dec 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