Hello traders,
let’s see what the market has for us
1. EUR/USD
On the daily time frame of the EUR/USD we can see a strong pullback. Price has reached a key resistance level 1.10956.
We could see a bullish breakout at this point, and if that happens, our next possible resistance will most likely be 1.12403.
However, if the bulls lose steam at the present resistance level, then price may re-visit support level 1.08112
2. EUR/JPY
EUR/JPY is currently testing resistance level 128.426. If you ask me, the bulls look aggressive. and if the key resistance zone breaks, we may see price hit the next possible resistance level (130.118)
Remember we also need confirmation before we join the buyers. However, if the bulls fail to take charge, and the bears manage to rule tomorrow, then price will most likely re-visit support level 126.575
3. EUR/CHF
This week the EUR/CHF has spent over 290 pips getting back to a key resistance zone.
Are we going to see a pullback that will take price back to support level 1.01169, or will there be a breakout that will further encourage the bulls to take price to the next possible resistance level (1.04339)?
What say you?
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