EUR/USD Bearish Momentum πŸ“‰ Tests 1.22-1.2250 Support Zone πŸ”΅

Dear Traders,

The EUR/USD keeps falling with strong bearish pressure but price is now testing a key support zone at 1.22. A bullish bounce could indicate the revival of the uptrend whereas a bearish breakout shows a potential downtrend.

The GBP/USD invalidated the bullish wave pattern and will probably retest a key resistance zone. A bearish bounce at 1.3950 could see price fall towards 1.3750 whereas a break above 1.40 shows uptrend.

Check out the video for the full analysis and trade plans on 22-23 February 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


Source:: EUR/USD Bearish Momentum πŸ“‰ Tests 1.22-1.2250 Support Zone πŸ”΅

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

Leave a Reply