EUR/USD Aims at 1.20 🎯 GBP/USD Bounces at 1.33 πŸ“‰

Dear Traders,

the EUR/USD indeed bounced at the 1.1725 support zone and then broke above the resistance trend line for an uptrend continuation. We analyse how far price is expected to move before reaching critical resistance. The most likely targets are 1.1920 and 1.20 which is where price could move down lower again within a larger bearish ABC.

The GBP/USD has reached the top of the resistance zone at 1.33, which is a key decision zone for the Cable. A bearish bounce could indicate that price will move back to the bottom of the range whereas a bullish breakout could indicate a new uptrend.

Check out the video for the full analysis and trade plans on 23-24 November 2017:

  • 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 Aims at 1.20 🎯 GBP/USD Bounces at 1.33 πŸ“‰

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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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