EURUSD Key Levels:Resistance Levels: 1.21540, 1.22450Support Levels: 1.19860, 1.18600EURUSD is set to break out from its downward trending channel after retesting the upper border of the descending channel twice. Price reached a height of 1.23500 at the beginning of the year on the 6th of January …
USDJPY Previous Support Turns Into a Bullish Resistance
USDJPY Key LevelsResistance: 111.000, 109.500Support: 108.550, 107.550USDJPY forms a zigzag pattern on the daily chart. USDJPY experienced a serious plunge through April this year. The Plunge reversed to a bullish momentum on the 23rd of April. Price has been bullish afterward.Price has rallied into …
EURCHF Continues Correction After a Large Impulsive Swing
Key LevelsDemand: 1.11300, 1.09700Supply: 1.08600, 1.07400EURCHF repeats the same consolidation pattern after volatile market moves. EURCHF experienced very volatile moves from 16th to 25th of February where it was consecutively bullish. The impulse move reached its highest on the eighth day after …
