EUR/USD, GBP/USD Analysis & Setups 22 – 26 Nov 2021

The EUR/USD is testing the 1.1250 support zone after showing strong bearish momentum. The GBP/USD is at the bottom of the downtrend channel but could be weak enough to break below it.

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EUR/USD & GBP/USD Overview

The EUR/USD needs a breakout below the 1.1250 support or a retest of the resistance at 1.1375 for bearish trade setups.

The GBP/USD is looking for a bearish breakout and aims at targets near 1.3325, 1.3250, and 1.3150.

Check out the video below for the full analysis and trade plans on 22 – 26 Nov 2021:

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Good trading,

Chris Svorcik
CTA