The EUR/USD is in a downtrend channel but the previous bottom of the daily chart could soon provide support. The GBP/USD is also expected to make a lower low unless a clear bullish daily candle emerges.
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EUR/USD & GBP/USD Overview
The EUR/USD made several lower lows. A new lower low is expected and could fall as deep as 1.1750 or 1.1630.
The GBP/USD is looking for a mild pullback and bearish continuation before falling further and making a new low.
Check out the video below for the full analysis and trade plans on 19 – 26 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
The analysis has been done with the ecs.SWAT method and ebook.
Go to the news source: EUR/USD, GBP/USD analysis & setups [Video]