EUR/USD is testing the key 21 ema zone on the 4 hour chart. The GBP/USD uptrend is extremely strong but price action is reaching a potential reversal zone.
The EUR/USD is testing the key 21 ema zone on the 4 hour chart, which is a critical bounce or break spot. The GBP/USD uptrend is extremely strong but price action is reaching a potential reversal zone soon.

If you think our videos, analysis, and education can help you become a better trader, then you can ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
The EUR/USD is testing the key 21 ema zone on the 4 hour chart, which is a critical bounce or break spot. The GBP/USD uptrend is extremely strong but price action is reaching a potential reversal zone soon.

If you think our videos, analysis, and education can help you become a better trader, then you can ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
EUR/USD & GBP/USD Overview
The EUR/USD is testing the wave 4 support Fibs. A bullish bounce and breakout could send price higher in a wave C whereas a bearish break below 1.2090 should send price to the 78.6% Fib at 1.20.

The GBP/USD is in reversal territory but only if there is a strong daily bearish candle. Otherwise a bull flag pattern and a new high is likely.

Check out the video below for the full analysis and trade plans on 22 – 23 Feb 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

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