Hello Traders,
Let’s hit the charts and see what the market has for us.
1. EUR/USD
The EUR/USD on the 4 hours chart has a beautiful ascending channel setup.
This is what I call the 50/50 setup.
Meaning, price could go either way. All we need to do is wait in order to get adequate confirmation before trading.
If a bullish confirmation is given, our next possible resistance level would be 1.11748 and if the present support level (1.11163) is broken, our next possible support level would be 1.10687.
2. AUD/USD
The AUD/USD is no stranger to us, we analyzed this pair on Tuesday, and this was the first pair I traded this year.
What I believe we should be looking out for is a trend continuation. Price found it difficult breaking out bullishly from the consolidation band.
Presently we can see price bearishly crawling out of the consolidation band.
An additional confirmation and we most likely would sell this pair to it’s next possible support level (0.68083)
Thanks for sharing your time with us folks, that’s all we have for today.
Tomorrow we hopefully would be looking at other viable pairs.
Kindly subscribe and share our content with your pip loving friends
