EUR/USD, GBP/USD Targets 🎯 for Bearish Price Action 〽️

Dear Traders,

the EUR/USD broke the support trend line and is now showing bearish momentum. The bearish price action is challenging the support at the 38.2%-50% Fibonacci zone. A bullish bounce could indicate an uptrend continuation whereas a bearish break or mild corrective could indicate a larger bearish correction towards 1.1750-1.16 and even 1.15.

The GBP/USD is trying to break below the bear flag channel but larger support levels still stand in the way. This video reviews the potential trade setups based on the GU patterns.

Check out the video for the full analysis and trade plans on 9- 10 January 2018:

  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

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Source:: EUR/USD, GBP/USD Targets 🎯 for Bearish Price Action 〽️

About the Author
Elite CurrenSea (ECS), founded by Chris Svorcik & Nenad Kerkez, is an award-winning Forex, CFD & Cryptocurrency trading solution provider. [space height="20"] Nenad & Chris offer market analysis, free education and proprietary trading systems. Their combined trading experience of over 30 years helps them to navigate the markets applying their favourite Wave Analysis Theory (Chris Svorcik) and Camarilla Trading Method (Nenad Kerkez). [space height="20"] You can learn more about the service provider through their website HERE

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