Good evening dear traders,
How was your trading day today?, hope you were able to maximize your USD/CHF trade?
In any case, we will be looking at the last trading day of the week with some cool setups. Lets go check our charts
1. EUR/CAD
An awesome descending channel on EUR/CAD.
There is a huge tendency for price to reverse on resistance level 1.52201. My reason for this is the fact that on the daily chart, this pair is on a descending channel and today’s bullish run was due to a pullback.
The next support level is 1.51002, however, if price breaks the current resistance level, we may see price touch resistance level 1.52722.
NOTE:
Today we will be looking at just one chart, reason is because all the other charts have mixed signals. So, accessing the direction of the price may be misleading.
That said, do have a great weekend ahead
