EUR/USD, GBP/USD Analysis & Setups 22 – 24 Sep 2021

The EUR/USD is testing a key 21 ema resistance zone on the 4 hour chart. A bullish breakout could start a larger reversal whereas a bearish bounce could test the previous bottom. The GBP/USD is expected to test the bottom again and build a descending wedge pattern.

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EUR/USD & GBP/USD Overview

The EUR/USD is in a downtrend channel but price action could be completing an ABC pattern as long as daily candlestick does not break below the bottom.

The GBP/USD is expected to decline below the 88.6% Fibonacci and test the double bottom.

Check out the video below for the full analysis and trade plans on 22 – 24 September 2021:

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Good trading,

Chris Svorcik