EUR/USD, GBP/USD Evaluation & Setups 26


The EUR/USD is testing the 21 ema zone. A bearish breakout might affirm the bearish reversal whereas a break above the 21 ema might point out another push increased. The GBP/USD made a bearish reversal as anticipated and is now on the lookout for a bearish bounce or breakout.

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EUR/USD & GBP/USD Overview

The EUR/USD wants to interrupt beneath the 38.2% Fibonacci degree to verify a bearish reversal and 123 sample. In any other case, the bulls might nonetheless be in wave 5 and one remaining increased excessive might purpose at 1.2275-1.23 inside wave 5 of 5 of wave C. A bearish reversal is anticipated ultimately as half of a bigger ABC flat correction.

The GBP/USD is anticipated to make a bearish reversal if there are bearish candlestick patterns within the resistance zone OR if there’s a bearish breakout beneath the 21 emas on the 4 hour chart. Right here too a bigger bearish ABC flat sideways vary may very well be unfolding.

Take a look at the video beneath for the complete evaluation and commerce plans on 26 – 28 Could 2021:

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

  • Clarification of potential commerce concepts each up and down
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Chris Svorcik


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