Hello Traders,
Today was fireworks in the market, let’s go in and see what pairs we should be looking at as mid-week approaches.
1. USD/CHF
Price on the USD/CHF spent the entire day retesting an ascending support level (0.99060)
We could be seeing a bullish pin-bar formation at the close of the daily candlestick today. If that happens, there is every likelihood that price will restest resistance level 1.00147
2. GBP/CHF
Today we saw price on the GBP/CHF break through an ascending support level (1.22257).
The breakout was so fierce that we can see two Marubozu candlesticks printed on the 4 hours chart.
Personally I am still bearish biased. There is a huge possibility that there would be a pull-back, before the Bears will continue their run to the next possible support level (1.19092)
That’s all we have for today dudes and dudettes, stick around tomorrow for more viable setups.
As always, remain pip-full
