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 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 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 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 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.
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