EUR/USD, GBP/USD Analysis & Setups 30 June – 2 July 2021

The EUR/USD needs a bearish breakout below the support trend line or a bearish bounce at the resistance Fibs to push towards 1.1750. The GBP/USD made a strong bearish bounce at the 50% Fibonacci level but has not broken the previous bottom yet.

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EUR/USD & GBP/USD Overview

The EUR/USD needs a clear break followed by a bear flag to confirm the downtrend continuation. Otherwise, a larger bullish pullback could retest the resistance.

The GBP/USD is testing the previous bottom. A bullish bounce could indicate a larger ABC pattern before a new bearish swing takes place.

Check out the video below for the full analysis and trade plans on 30 June – 2 July 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