EUR/USD rotated higher on friday as expected.We are anticipating a bearish set up within horizontal resistance zone around 1.3200. We keep our mind alert for a bearish setup at this zone in the near term.
GBP/USD also moved up today after forming what can be refers to as bearish rejection on Thursday.We can see that the pair ended the day close to the key resistance zone of 1.5750.The close on friday still falls within the 50% zone of the pinbar formed about three weeks ago around 1.5682.So we are anticipating a bearish setup/momentum in the mean time.
USD/CAD dropped a clanger today by agressively rotated lower, and closed below the horizontal support zone around 1.0444.We look forward to retracement to the zone where we can look for a bearish setup to trade into the bearish momentum at hand.
EUR/AUD breaks the low of the inside bar setup formed on Thursday and ended the day with a small pin bar that has the capacity to leads the retracement into the Horizontal resistance zone around 1.4481.We keep our eyes open for a bearish setup at this zone.
GBP/USD also moved up today after forming what can be refers to as bearish rejection on Thursday.We can see that the pair ended the day close to the key resistance zone of 1.5750.The close on friday still falls within the 50% zone of the pinbar formed about three weeks ago around 1.5682.So we are anticipating a bearish setup/momentum in the mean time.
EUR/AUD breaks the low of the inside bar setup formed on Thursday and ended the day with a small pin bar that has the capacity to leads the retracement into the Horizontal resistance zone around 1.4481.We keep our eyes open for a bearish setup at this zone.
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