EUR/USD, GBP/USD Analysis & Setups 13 – 17 Dec 2021

The EUR/USD could build a bullish retracement towards 1.14 or 1.15 but the downtrend remains the main expected trade of the month. The GBP/USD is also awaiting a downtrend continuation after the bullish correction is finished.

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EUR/USD & GBP/USD Overview

The EUR/USD needs a bearish breakout candle or bearish bounce at resistance for the downtrend continuation. The main target for the downtrend is the 78.6% Fibonacci retracement level at 1.10.

The GBP/USD main target is aiming at 1.30 and 1.2850 targets.

Check out the video below for the full analysis and trade plans on 13 – 17 Dec 2021:

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Good trading,

Chris Svorcik