Opportunistic Wednesday presents us with EUR/CAD & EUR/CHF

Good day traders,

Lets hit the charts…

 

 

1. EUR/CAD

EUR vs CAD

Price on the EUR/CAD is about to hit a key support level within an ascending channel.

A breakout should encourage the bears to hit the next possible support level (1.49704) and a reversal may take price back to a familiar resistance level 1.51392.

A close of the daily candlestick may give us a hint on price’s next move.

 

 

2. EUR/CHF

EUR vs CHF

EUR/CHF has broken out of a key resistance level (1.13461)

We may see a pull-back before the Bulls resume their upward movement to the next possible resistance level (1.14281).

 

Do have a great day ahead

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