🚥 EUR/USD, GBP/USD Test Key Decision Zones for Breakout 🚥

Dear Traders,

The EUR/USD is testing a key support zone, which is decisive decision zone. A bullish break above the local resistance at 1.2350 could restart the uptrend and send the EUR/USD higher to test the resistance level at 1.2475-1.25. This bullish breakout could occur on the 4 hour chart whereas a daily breakout below 1.22 is needed for a bearish trend.

The GBP/USD is in a triangle pattern on the 4 hour chart marked by clear support and resistance trend lines, although the daily chart is still in a bullish trend. Chris is looking for bullish breakout on a 4 hour chart but a bearish breakout on the daily chart.

The GBP/JPY is testing a key support zone. The currency pair could be offer interesting setups in the near future once the correction is completed. A bullish bounce seems most likely unless a bearish candle breaks and closes below support.

Check out the video for the full analysis and trade plans on 27-28 February 2018:

  • EUR/USD, GBP/USD, GBP/JPY 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 Test Key Decision Zones for Breakout 🚥

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Elite CurrenSea
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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