Hello Traders,
Let’s hit the charts…
1. EUR/USD
Price on the EUR/USD hit a key resistance level (1.14468) today before the Bulls faded away. Let’s not forget that resistance level 1.14468 is also a key resistance level on the daily chart
Support level 1.14052 is currently being tested. If price reverses, we could see resistance level 1.14468 get hit again
However, if the current support level breaks, our next possible support level would be 1.13707
2. GBP/USD
A follow up to our GBP/USD analysis of yesterday…
A descending trendline serving as a resistance level can be spotted on the hourly chart of the GBP/USD.
There is a possibility that the Bears may further take price to our next possible support level (1.25073)
What do you think?
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