EUR/USD, GBP/USD Analysis & Setups 16 – 18 June 2021

The EUR/USD is looking for a bearish breakout below the 21 ema zone but price action will also need to break the channel bottom to confirm a wave 3. The GBP/USD is testing a key resistance zone.

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UR/USD & GBP/USD Overview

The EUR/USD is either building a bearish ABC or 123 pattern and the 1.20 support zone will be critical for that decision.

The GBP/USD has many support and resistance levels closeby. A bounce setup seems to have the best odds.

Check out the video below for the full analysis and trade plans on 16 – 18 June 2021:

EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels

• Explanation of potential trade ideas both up and down
• Beginner friendly, explaining concepts in more detail

EUR/USD & GBP/USD Video

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Good trading,

Chris Svorcik
CTA