Hello Traders,
Let’s hit the charts:
1. EUR/USD
EUR/USD got stuck on the 1.21420 support level
All attempts to bounce off or break through support level 1.21420 proved futile.
Wednesday may present a fresh flock of buyers or sellers that may take price to the next possible resistance or support level
Personally, my bias is bearish, so I will only engage this pair if the 1.21420 support level is broken.
2. GBP/CHF
We saw a strong bullish move by the GBP/CHF today.
The bullish momentum momentarily stopped as soon as price hit the 1.21074 resistance level, giving us a triple top formation.
If a bullish breakout is confirmed, we may see price hit the next possible resistance level (1.21842)
3. GBP/AUD
The GBP/AUD has spent the last 48 hours working its way to resistance level 1.76235.
If we do get a bullish breakout and a confirmation, we may see price continue it’s bullish run to the next resistance level (1.77895)
A rejection at the current level means price may revisit support level 1.74326
What say you?
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