EUR/USD, GBP/USD Evaluation & Setups 19

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The EUR/USD made a wave 4 pullback and worth motion is now testing the 50% Fibonacci degree and goal zone at 1.2025. The GBP/USD bullish bounce on the channel backside is wanting very impulsive as effectively.

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EUR/USD & GBP/USD Overview

The EUR/USD might transfer up as soon as extra, regardless of the resistance zone. The bullish momentum is wanting robust and a gentle pullback to the shallow Fibs at 1.20 might affirm a bounce up in direction of the following goal zone at 1.21.

The GBP/USD bullish momentum wants a 1 hour bull flag sample adopted by a breakout for extra upside in direction of 1.3950 and 1.40.

Take a look at the video beneath for the complete evaluation and commerce plans on 19 – 20 April 2021:

EUR/USD, GBP/USD technical evaluation: patterns, developments, key S&R ranges

  • Clarification of potential commerce concepts each up and down
  • Newbie pleasant, explaining ideas in additional element

EUR/USD & GBP/USD Video

For a take a look at all of immediately’s financial occasions, try our financial calendar.

Good buying and selling,

Chris Svorcik
CTA

 



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