EUR/USD, GBP/USD Targets ? for Bearish Price Action 〽️

Dear Traders,

the EUR/USD broke the support trend line and is now showing bearish momentum. The bearish price action is challenging the support at the 38.2%-50% Fibonacci zone. A bullish bounce could indicate an uptrend continuation whereas a bearish break or mild corrective could indicate a larger bearish correction towards 1.1750-1.16 and even 1.15.

The GBP/USD is trying to break below the bear flag channel but larger support levels still stand in the way. This video reviews the potential trade setups based on the GU patterns.

Check out the video for the full analysis and trade plans on 9- 10 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 Svorcik

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