Hello Traders,
How has your trading week been?
For me, it has been quite slow with the market being so indecisive.
That said, let’s see what setups we could be looking out for this droughty week.
1. EUR/USD
EUR/USD pulled off a strong bullish candlestick which was against popular beliefs after a bearish pin-bar was printed at the close of the 3 pm candlestick.
The big question now is:
Do the buyers have enough steam to push price to the next possible resistance level (1.11626) or are we going to see this pair crumble like a pack of cards, which could bring price back to a previous support level (1.10747)?
2. AUD/USD
AUD/USD on the daily chart is about forming a triple top.
Do you think resistance level 0.68839 is strong enough to bounce price back to support level 0.68105 or is price strong enough to break resistance level 0.68839 and continue a bullish move to 0.69368 which could most likely be the next possible resistance level?
These questions will be answered appropriately after we observe price behavior around the current resistance levels.
Thanks for hanging around dudes and dudettes, join us again tomorrow for yet another analysis of the market and your favorite pairs
Do have a great day ahead, and as always…
Remain pip-full.
