FX Price Action Watch: EUR/USD, NZD/USD, USD/CHF, XAG/USD

In this week’s market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves. Pairs and markets analyzed this week: EUR/USD, NZD/USD, USD/CHF, XAG/USD

EUR/USD at support zone, watch out for bullish price action

EUR/USD Chart

EUR/USD is at a support zone 1.116-1.121, watch out for bullish price action (bullish evidence) and a potential move to the upside from this major zone.

NZD/USD still testing strong resistance

NZD/USD Chart

NZD/USD still testing strong resistance zone, watch out for bearish price action and potential move to the downside from this zone.

USD/CHF at a strong resistance zone, look for bearish price action

USD/CHF Chart

USD/CHF is at a strong resistance zone 0.978-0.981, watch out for bearish price action (bearish evidence) and a potential move to the downside from this major zone (all the way to 0.954).

XAG/USD approaching support zone, look for bullish price action

XAG/USD Chart

XAG/USD price approaching strong support zone 17.79-17.98, watch out for bullish price action and a potential move to the upside from this major zone.

Happy trading!

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