Dear Traders,
The EUR/USD showed a very strong weekly bearish candle below the 1.17 support zone and price is now ready to move towards the next target at 1.15. Trade setups could occur this week after a bullish retracement or chart pattern. The EUR/USD also offers potential reversal trades at the 38.2% Fibonacci level around 1.1475-1.15 once daily candlestick confirm a bounce.
The GBP/USD is indecisive as price is unable to break below the long-term support levels but the strong bearish momentum could setup potential trade setups at resistance or after chart patterns appear.
Also, ecs.LIVE trades and analysis starts soon with 2 week free trial!
Check out the video for the full analysis and trade plans on 29 – 30 October 2017:
Many Green pips,
Chris Svorcik
Glad you when thru the site to navigate, taking advantage of the trial,well done.
Thanks! Happy to hear that the video helped 🙂