Thursday Market Analysis: EUR/CHF & EUR/CAD

Hello traders,

let’s hit them charts:

1. EUR/CHF

Price on the EUR/CHF has been rejected a multiple times. If the daily candlestick closes as a bearish pinbar, that is one confirmation we would be needing to short the EUR/CHF.

If we are shorting, NPSZ will be our next bus stop

2. EUR/CAD 

Finally, the 8 months old support zone is broken.

I hope the daily candlestick continues bearish at the close of today’s market. If that happens, then we could see price hit NPSZ before the close of this week’s market.

What say you?

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