? EUR/USD, GBP/USD Analysis & Setups 9-10 Oct ’18 ?

2 min read

The EUR/USD is building a wave 4 pattern within a downtrend and could be aiming for a target around 1.14 and perhaps 1.13. A bounce at 1.14 or break above 1.1550 could start a new bullish rally. The GBP/USD is probably in a wave 1-2 but the correction could see an expansion. Check out our education & research page at ECS.

EUR/USD is probably completing a bearish wave A and could soon be ready for a bullish wave B unless price breaks below 1.14 and 1.13 support levels.

GBP/USD is probably in a bearish wave 1-2 pattern which becomes confirmed if price breaks below the bottom. A break above the top invalidates this wave pattern and makes an expanded wave 4 pattern more likely.

Check out the video for the full analysis and trade plans on 9-10 Oct 2018:

  • 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

See the video below for all of the details

Good trading,
Chris Svorcik
Elite CurrenSea


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