Going through the 3 major pairs again today to see whether there are trading opportunities.

First up is the EURUSD.

 

The euro dollar has fallen to the bears today. Yesterday’s close saw a pin tail being formed just below the down trend line that has been drawn. The pair fell to 1.3558 from a high of 1.365 today. If the pair continues to fall lowe, we might see the pair seeing support at 1.34705. Above the 15 and 33 ema, we might see the pair testing the 1.37 handle. A bearish signal there on the daily time frame would be a good entry for a short trade.

 

GBPUSD saw more bullishness today after closing above the 15 and 33 ema. An extension move sees the pair at highs of 1.6585. A further push north by the bulls might see the pair going back to supply handle of 1.6635. Support is seen at 1.63.

 

USDJPY is seen straggling around the 15 ema . It needs to close above the down sloping line in order to confirm a better bullish bias. Topside resistance is seen at 103.0 and the last support is seen at around the 100.97 region.

To your trading victory!

~ Ardy