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