EUR/USD, GBP/USD Bullish ✅ Rally Faces Resistance Zone ?

2 min read

Dear Traders,

the EUR/USD made a bullish bounce in the support zone and the rally showed strong momentum before the interest rate decision. A continuation higher is likely as price retests the 1.19 resistance trend line, which would be a major decision zone for a bullish breakout or bearish bounce. A reversal could see price challenge the support zone around 1.16-1.17 again.

The GBP/USD finally made a bullish bounce too at the 50% Fibonacci support zone. The rally could encounter a bearish retracement but the bullish daily candlestick pattern looks strong and could send price up again.

Check out the video for the full analysis and trade plans on 14 – 15 December 2017:

  • 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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