Hello Traders,
It’s almost mid-week, let’s see what the market has for us.
1. EUR/USD
The EUR/USD is resting on support level 1.16999 after breaking a previous support level (1.17702)
A bearish breakout of the current support level would mean price making another bearish move to the next possible support level (1.15621)
There is also a possibility of a reversal at this point, which may mean price revisiting resistance level 1.17702.
Personally I would advise being careful of the news on the Euro tomorrow, as it may cause an upset in the market.
2. USD/CHF
The USD/CHF started another bullish run today, and in my opinion, if price should make it to the next resistance level (0.93191), it would mean price breaking a key resistance level (0.92241)
If price fails to break resistance level 0.92241, then we may most likely see price revisit support level 0.91356
Before taking this trade, I will also advise you to check the news lined up for tomorrow.
3. CHF/JPY
CHF/JPY looks promising as we already have a breakout of support level 114.436
If the daily candlestick closes this way, there is a huge probability that the Bears will rule the market tomorrow, and our next possible support level would be 113.023
What do you think?
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