The EUR/USD and GBP/USD are showing strong bullish momentum after hitting 1.23 and 1.38. The strong bullish impulsive price action is indicating that a continuation is likely after price builds a bearish retracement or chart pattern such as a bull flag or triangle. A retracement towards the 1.22 and 1.37 support level could provide bouncing spots for further upside.
Check out the video for the full analysis and trade plans on 15 – 16 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