The EUR/USD has completed a bearish ABC zigzag pattern and made a bullish reversal at the inverted head and shoulders pattern. The GBP/USD made a false breakout above the double top and is now testing a key support zone.

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The EUR/USD needs to break above the long-term moving averages for a bullish push towards 1.20 and 1.21.

The GBP/USD is choppy but a bullish bounce towards the head and shoulders pattern zone seems likely.

Check out the video below for the full analysis and trade plans on 15 – 17 September 2021:

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Good trading,

Chris Svorcik
CTA

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