EUR/USD, GBP/USD Analysis & Setups 9 – 11 June 2021

The EUR/USD is moving sideways and a breakout is needed to confirm the next price swing. A bullish breakout should retest the resistance zone again. The GBP/USD has a better chance of moving up but it faces hefty resistance.

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EUR/USD & GBP/USD Overview

The EUR/USD bearish breakout could confirm the end of the bullish wave B and the start of the wave C down.

The GBP/USD is stuck in between support from the moving averages and resistance from the double top pattern.

Check out the video below for the full analysis and trade plans on 9 – 11 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

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Good trading,

Chris Svorcik

CTA