EUR/USD, GBP/USD Downtrends Aim for Next Bearish Target

2 min read

Dear Traders,

the EUR/USD is approaching a key round level at 1.20 and a bearish break below support aims at 1.1750. The GBP/USD downtrend remains in control and now aims for 1.35.

The EUR/USD bearish momentum is strong and will likely offer short setups after price breaks the 1.20 support. Other short trades are viable if bearish continuation chart patterns become visible in the next 2 trading days.

The GBP/USD downtrend is also ready for a continuation if price is able to show continuation price patterns.

Check out the video for the full analysis and trade plans on 1-2 May 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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