Hello Traders,
Common, let’s hit the charts…
1. EUR/USD
Price on the EUR/USD is touching the support level of a consolidation band.
If price succeeds in breaking out below the support level 1.11126, we could be looking at price hitting 1.10250 as the next possible support level, and if we get a reversal signal at the present support level, we could be seeing price re-test resistance level 1.11776.
2. GBP/CHF
On the GBP/CHF, price is trapped within a consolidation band.
A breakout through resistance level 1.28446 may further encourage the Bulls to pull price to the next possible resistance level (1.31156) and a breakout below the support level of the consolidation band could further encourage the bears to drag price down to the next possible support level (1.24649).
Alright ladies and gentlemen, we are done for the day. Join us again tomorrow for another analysis of your favorite pairs.
Feel free to comment below on our views, and what you think about our analysis
DO have a great day ahead and as always…
Stay pip-full
