Hello Traders,
Let’s see what the charts have for us this Thursday.
1. EUR/USD
EUR/USD is trapped within the 1.21766 and 1.20852 level since last week
There is a huge possibility that we could see price breaking out of support level 1.20852, which may result to support level 1.19951 being the next possible support level.
While waiting for this trade idea to pan out, let’s also have an open mind that there is a slight possibility that price could also bounce back to resistance level 1.21766, although I am seeing a weakened bullish price structure.
2. EUR/JPY
The EUR/JPY has the same outlook as the EUR/USD
The daily time frame has shown multiple rejections of price at resistance level 126.648
The only thing holding price is support level 126.024, and if that is broken, we may most likely see price first visit support level 125.303.
What say you?
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