Thursday market analysis: EUR/USD, EUR/CHF & GBP/CAD

Hello traders,

let’s hit the charts:

1. EUR/USD

Buying or selling the EUR/USD at the current level could be a little more risky.

If price breaks out of the consolidation band then we could join the buyers or sellers to the NPRL or NPSL, not before the breakout.

2. EUR/CHF

EUR/CHF has finally broken out of the ascending channel that held price for over three months.

There is a huge probability that price first target profit will be 0.98065, and if the bearish pressure is consistent, we may see price go down to the second target profits.

3. GBP/CAD

The key support zone has established its efficacy after holding price for the second time on the GBP/CAD

If the daily candlestick closes as a bullish engulfing candlestick, then we will join the buyers to the NPRL

What say you?

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