Let’s go Tuesday presents us with EUR/USD & CHF/JPY

Hello Traders,

let’s hit them charts:

 

 

1. EUR/USD

EUR/USD has broken the support level of an ascending channel. The horizonal key support zone is the next area to watch.

I will only be comfortable to sell EUR/USD once there is a breakout below the key support zone.

 

 

2. CHF/JPY

 

CHF/JPY is locked within a descending channel, and price just seem not to get past the key support zone within the channel.

This is the second attempt at the support zone and I am looking forward to seeing the sellers do their thing.

If a breakout occurs, then our next possible support level would be 138.868. and if 138.868 fails, then 137.280 will be price second bus stop.

I am supporting the bears here so I am not really keen on the 1st and 2nd resistance levels

 

What say you?

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