EUR/USD, GBP/USD Reach Critical Bounce or Break Zone

Dear Traders,

The EUR/USD and GBP/USD are reaching a key support zone. A bearish breakout could indicate a reversal whereas a bounce might lead to a trend continuation.

The EUR/USD bearish break could be part of a wave C that takes price back down to the previous bottom at 1.1750 and 1.15 but a bullish breakout above 1.20 will confirm an uptrend continuation.

Check out the video for the full analysis and trade plans on 11- 12 January 2018:

• EUR/USD, GBP/USD technical analysis
• Review of patterns, trends, key S&R levels
• Explanation of potentrial 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

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