EUR/USD, GBP/USD Test Key ? Support & ? Resistance Zones

Dear Traders,

the EUR/USD is testing a key support level at 1.17-1.1725 after failing to break above the 1.18 resistance. The S&R levels are a key decision zone for a larger bullish or bearish breakout.

The GBP/USD divergence could cause price to make a bearish reversal at resistance or below the channel. The larger daily picture remains choppy as price stays in the sideways range. A breakout is needed on the daily chart before a larger trend could be expected.

Check out the video for the full analysis and trade plans on 21-22 November 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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