Hello Legendary Traders,
Let’s quickly hit the charts and see what the market has for us…
1. USD/CHF
We saw price breakthrough support level 0.99755.
For the non-conservative traders, there is a good reason to sell this pair.
However, for those few conservative traders, waiting for the second breakout through support level 0.99091 could be paramount.
Today we witnessed a slight retracement after the initial support breakout.
Personally, I am bearish regarding this setup. There is a huge tendency that our next possible support level could be 0.97183.
2. EUR/CAD
Price in EUR/CAD is still being indecisive on whether to break through the support level 1.50645 or use it as a springboard to hit resistance level 1.51264.
I am also bearish on this one.
If a bearish breakout occurs, we may see price hit the next possible support level 1.49945.
Wishing everyone a pip-full day ahead
