Hello Traders,
its mid-week already and the last day of the month.
Let’s see what trading opportunities we have out there.
1. EUR/USD
EUR/USD is slowly moving towards resistance level 1.17963
For those following the trend, there is a possibility that the buyers may still push price for the better part of today.
Once price hits resistance level 1.17963, then we should be watching out for breakout which could further drive price to resistance level 1.18646 or reversals that may take price back to support level 1.16505
2. USD/CHF
The USD/CHF is currently within a support zone.
Meaning there is a possibility that price could reverse at any point here. If it does, price may revisit resistance level 0.92942, and if price breaks through this support zone, price’s next possible stop would be support level 0.90687
3. EUR/JPY
The EUR/JPY was strongly bullish on Tuesday.
Wednesday may present reversal possibilities as price approaches a key resistance zone.
If we do get a reversal, price may most likely revisit support level 122.537, and if price breaks through the resistance zone, we could possibly see another bullish run to resistance level 125.257.
What are your thoughts?
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