EUR/USD, GBP/USD Analysis & Setups 15 – 19 Nov 2021

The EUR/USD made a strong bearish breakout. A downtrend continuation is soon expected. The GBP/USD is building a bullish retracement within a larger downtrend. An immediate continuation is possible below the 1.35 resistance level.

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EUR/USD & GBP/USD Overview

The EUR/USD could make a retracement back to the 1.15 resistance level, which would be a strong zone for a downtrend continuation. A bearish breakout below the support zone could see an immediate breakout.

The GBP/USD targets are aiming at 1.33250, 1.3250, 1.3175, and 1.30.

Check out the video below for the full analysis and trade plans on 15 – 19 Nov 2021:

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Good trading,

Chris Svorcik
CTA