Hello Traders,
let’s hit them charts:
1. EUR/USD
EUR/USD has broken the support level of an ascending channel. The horizonal key support zone is the next area to watch.
I will only be comfortable to sell EUR/USD once there is a breakout below the key support zone.
2. CHF/JPY
CHF/JPY is locked within a descending channel, and price just seem not to get past the key support zone within the channel.
This is the second attempt at the support zone and I am looking forward to seeing the sellers do their thing.
If a breakout occurs, then our next possible support level would be 138.868. and if 138.868 fails, then 137.280 will be price second bus stop.
I am supporting the bears here so I am not really keen on the 1st and 2nd resistance levels
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
Good to know bro