Hello Traders,
let’s hit the charts:
1. EUR/USD
EUR/USD is about to form a perfect triple top. All eyes are currently on resistance level 1.19890.
A breakout will most likely encourage the bulls to take price to the next possible resistance level (1.20536), and a reversal would mean us looking our for a selling opportunity, and possibly riding the trend to hit a previous support level (1.19214)
2. NZD/JPY
Today, the bulls are quite dominant on the NZD/JPY. I will be looking out for the daily candlestick close on this pair
By 10 pm today, If we still have a strong bullish engulfing candlestick standing, then there is a huge possibility that price will most likely break the resistance area, and head to a previous resistance level (78.605)
What say you?
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