EUR/USD, GBP/USD Analysis & Setups 5 – 10 Dec 2021

The EUR/USD is building a bullish retracement but price action is expected to continue with the downtrend with main targets at 1.10 and 1.09. The GBP/USD is aiming at the next 38.2% Fibonacci retracement level at 1.3150-30.

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EUR/USD & GBP/USD Overview

The EUR/USD remains in a very strong downtrend, although a mild pullback towards 1.14-1.1450 is expected.

The GBP/USD could make a bullish retracement after hitting 1.3150. But also the Cable should make a bearish push lower towards 1.30 and 1.28.

Check out the video below for the full analysis and trade plans on 5 – 10 Dec 2021:

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Good trading,

Chris Svorcik