The GBP/USD is already building a bullish ABC zigzag after completing a bearish ABC pattern.
The EUR/USD is testing the key support zone at 1.1750 on the daily chart. The GBP/USD is already building a bullish ABC zigzag after completing a bearish ABC pattern.
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The EUR/USD needs to confirm a bearish breakout for one more push lower OR break above the 38.2% Fibonacci for a bullish ABC zigzag.
The GBP/USD seems to have completed its bearish ABC pattern and is now looking to build a bullish ABC zigzag.
Check out the video below for the full analysis and trade plans on 29 – 30 Mar 2021:
EUR/USD, GBP/USD technical analysis: patterns, trends, key S&R levels
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Good trading,
Chris Svorcik
CTA
Chris Svorcik is co-founder, trader, and analyst with Elite CurrenSea (www.EliteCurrenSea.com) since 2014.