Hello Traders,
It’s almost mid-week over here, let’s hit the charts…
1. EUR/USD
We can see a double top on the 4 hour time frame of the EUR/USD.
Price is presently resting at the base (1.10735) of the double top. A breakout will most likely take price to the next possible support level (1.10017), and a reversal may most likely take price back to resistance level 1.11163.
2. NZD/USD
Price on the NZD/USD is testing support level 0.63762.
A breakout will most likely encourage the sellers to drive price to the next possible support level (0.63326) and if the buyers prove stubborn enough, there is every likelihood that price may reverse to possibly hit resistance level 0.64269.
Do have a pip-full day ahead.
