EUR/USD rotated earlier in the session but paired losses into New York session and ended the day by forming a small bearish pinbar at key support zone at 13200 zone.We would love to see a close below this key support zone before this pair has capabilty to rotates lower.
GBP/USD consolidated within the range of the pinbar formed earlier in the week.As mentioned at our earlier week market analysis that pair is undergoing a COILING situations.We remained bearish bias on this pair by keeping our eyes open for the invalidation of the pinbar formed on Wednesday by breaking the low of the pinbar
AUD/USD formed a fakey on monday in continuation of the dominant bearish trend.The next key support is around 0.8849 zone.We remained alert to price action reaction at this key support in the near term.
EUR/JPY breaks the low of the inside bar formed on thursday
AUD/USD formed a fakey on monday in continuation of the dominant bearish trend.The next key support is around 0.8849 zone.We remained alert to price action reaction at this key support in the near term.
EUR/JPY breaks the low of the inside bar formed on thursday
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