EUR/USD:

Update 20 October: We have broken below the weekly reversal level after a valiant attempt to hold above it yesterday. This means that
technically, we should stand aside from the euro for the remainder of this week. However, the “bully” reversal during the Asian session
last night means we may yet see another rally (we are already back above the weekly reversal level. Watch and wait for last chance
opportunities to BUY whilst around the current levels.

Summary: Buy dips to 1.3730/3700 after signs of reversal.

GBP/USD:

Update 20 October: The pound has dropped below the weekly reversal level and remains trapped below it thus far, despite signs of reversal at the key 1.5700 Fibonacci level (note the “bully” pattern. Like the euro, we shall have to see if this is a real weekly reversal or if we are going to get a strong rally back into the up-trend. Watch and wait for opportunities to buy whilst above 1.5650, or look to sell into rallies later on today or tomorrow.
Summary:
Buy dips 1.5750/00, after another reversal pattern, or wait to sell into rallies to 1.5850/5900 later on.