Hello Traders,
A quick look at what Wednesday holds for us in the market.
1. EUR/USD
EUR/USD still got some bullish fuel leftover in its cylinders from last week.
We can see that price has already reached resistance level 1.11790.
The close of the daily candlestick could give us a clue if the present bullish outlook will continue it’s journey to the next possible resistance level 1.12414 or if a reversal of price back to support level 1.10249 will happen.
I am very much interested in this setup.
2. AUD/USD
AUD/USD is another setup that looks good, though half baked (in my opinion)
The reason for being half baked is because price has still not touched resistance level 0.66844.
Again, we may be too early to judge, we roughly have 5 hours plus to see how far price will go before the close of the daily candlestick.
Price reversal at resistance level 0.66844 MAY most likely send price crashing down to former support level 0.64376.
Let’s keep tracking this pair.
Do have a pip-full week ahead.
