Hello Fellow Traders,
It’s Wednesday already, let’s hit the market and see if we could make anything of the charts presented to us.
1. EUR/USD
EUR/USD has been shattering all key support levels since the close of last week’s market.
Presently, a key support level (1.12946) has been broken. There is a high probability that price will hit the next possible support level (1.11940)
2. EUR/JPY
On the 1-hour time frame, we can see a breakout at a key support level (124.633).
If this breakout is confirmed, we may be looking 123.833 as the next support level.
Please note that you should always apply strict money management rules and remember.
“NEVER RISK MORE THAN WHAT YOU CAN AFFORD TO LOSE”
