Hello Traders,
let’s hit the charts:
1. EUR/USD
EUR/USD today broke an important resistance level (1.22207) and it stalled for a bit
Several rejections were formed on the former resistance level (1.22207) which is now a support level.
The close of the 6 pm candlestick may reveal a lot. If we do get a strong bullish candlestick, EUR/USD may end up hitting 1.22725 as the next resistance level.
2. USD/CAD
On the higher time frame the USD/CAD is still strongly bearish.
On the 1-hour time frame we can see a beautiful descending channel formed and a bearish pin-bar further authenticating 1.20137 as the next support level
What say you?
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