The EUR/USD is testing the Fibonacci resistance zone after a strong bearish impulse. The GBP/USD is testing a key support zone after creating a choppy sideways zone.
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EUR/USD & GBP/USD Overview
The EUR/USD needs a clear bearish bounce at the shallow Fibonacci levels to confirm a potential bearish wave 3-4 pattern.
The GBP/USD needs a bearish breakout below the support zone or a bearish bounce at the resistance zone.
Check out the video below for the full analysis and trade plans on 14 – 16 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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