EUR/USD, GBP/USD Analysis & Setups 25 – 27 August 2021

The EUR/USD needs a break above the 1.18 resistance zone on the 4 hour chart for a larger reversal. The GBP/USD is also looking bullish and could reverse if price respects the previous bottom or shows a breakout.

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EUR/USD & GBP/USD Overview

The EUR/USD made a bullish break above the 21 ema on the 4 hour chart and price action is now testing the long-term moving averages.

The GBP/USD showed strong bullish momentum after a higher low. Can the Cable complete the bullish reversal?

Check out the video below for the full analysis and trade plans on 25 – 27 August 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