EUR/USD, GBP/USD Analysis & Setups 13 – 14 Sep 2021

The EUR/USD is approaching the key support zone at 1.1750 after building a bearish ABC zigzag pattern. The GBP/USD is showing a strong bearish reversal and is expected to decline further down.

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EUR/USD & GBP/USD Overview

The EUR/USD is expected to make a bullish reversal at the key support decision zone but a breakout above the moving averages remains critical.

The GBP/USD is looking to test the support trend line again, which could create a larger triangle chart pattern. The breakout direction should be bearish.

Check out the video below for the full analysis and trade plans on 13 – 14 September 2021:

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Good trading,

Chris Svorcik
CTA