EUR/USD, GBP/USD Analysis & Setups 11 – 15 Oct 2021

The EUR/USD breaking below the bear flag pattern with a small target at the 1.15 support zone. The GBP/USD is showing a potential bearish reversal due to the strong candlestick patterns at the -0.618% Fibonacci targets.

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EUR/USD & GBP/USD Overview

The EUR/USD is in a strong downtrend channel but price action is now testing a key support zone at the 50% Fibonacci level.

The GBP/USD is expected to build a contracting triangle pattern or sideways range.

Check out the video below for the full analysis and trade plans on 11 – 15 Oct 2021:

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Good trading,

Chris Svorcik