Hey traders,
let’s hit the charts:
1. EUR/USD
There was a strong bearish move on the EUR/USD after the 3 pm candlestick popped up on the 4 hour time frame.
For Thursday we may most likely see price consolidate around the N.P.S.L (1.12931). If the bears lose steam when hitting this level, then the bulls may take price back to resistance level 1.13163
Remember that the now resistance zone (once the key support zone) may just pose as a mild resistance level, and the buyers may most likely break it to revisit resistance level 1.13523
2. AUD/USD
On the 1-hour time frame of the AUD/USD we can see a dragonfly doji which signifies a reversal.
Judging the setup from the higher time frame, price may most likely break below the ascending channel formed on the 1-hour time frame since the overall trend is downward.
So for Thursday support level 0.72159 and 0.71818 may get hit
What say you?
Traders who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
