Hello traders,
let’s hit the charts:
1. USD/CAD
Yesterday I shared this USD/CAD setup in our telegram group just before it dropped.
Today, we may most likely see a pull-back.
If the bulls are strong enough price may re-visit resistance level 1.27623, and if not, the current support level could get broken and the sellers may continue their journey to the next two possible support levels (1.25923 & 1.24978)
2. EUR/USD
EUR/USD has a beautiful descending channel. That said, the bulls still show many signs of aggression, hence I doubt price reversing at the present resistance level (that’s my current bias), but I may be wrong.
I will be waiting for a bullish/bearish confirmation before making up my mind.
If the bulls have the day, then our next possible resistance level would be 1.13249, but
If the bears come back strong, our next possible support level would be 1.12359
What say you?
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