Hello traders,
let’s see what the charts have for us after the C.P.I news today which caused an uproar in the market.
1. EUR/USD
A crazy drop on the EUR/USD after the core CPI news on the USD,
The sudden strength of the USD after the news means the collapse of Euro which we saw today in the charts.
In the process price broke a key support zone. This means that there is a huge possibility that price may hit the next possible support zone (0.99160 – 0.98859)
2. GBP/CHF
Today the GBP/CHF crossed a key support zone that has held price now for over 2 years.
There is a huge likelihood that price may fall another 250-400 pips before the close of the week, as from here onwards there is no clear support level or zone.
Meaning this is the lowest GBP/CHF has ever travelled in the history of charting
What say you?
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