The EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again. The GBP/USD has a better chance of moving up but it faces hefty resistance.
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EUR/USD & GBP/USD Overview
The EUR/USD bearish breakout could confirm the end of the bullish wave B and the start of the wave C down.
The GBP/USD is stuck in between support from the moving averages and resistance from the double top pattern.
Check out the video below for the full analysis and trade plans on 9 – 11 June 2021:
EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels
- Explanation of potential trade ideas both up and down
- Beginner friendly, explaining concepts in more detail
EUR/USD & GBP/USD Video
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