Last week saw the USDCHF arrive at daily supply after the huge fall which occurred back in January. The Euro has continued it’s decent and there are both long and short opportunities ahead on various pairs.
EURAUD – Short
EA has engulfed demand on the daily chart and the path is clear below for a short. There is nothing but green candles below for a few hundred pips so this looks good for a short with lower time frame confirmation.
EURUSD – Short
The Euro continues to fall and the next quality looking level is over 300 pips away. Price could turn before but the one I’m watching is below. See the video for more details on where price might turn.
EURJPY – Short/Long
EJ has been falling too and there may be an opportunity to jump in on the short if we see an engulf. There’s a nice looking demand level further down too so there could be a long from it as time goes on.
USDCHF – Short
The daily supply on the USDCHF preceded a very large drop so if it holds there could be a decent profit though I don’t anticipate price to reach the low formed from the original move down.
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