Support level

The Euro Dollar is having quite a bearish day. It does have a trend line support (as shown on chart) so watch for a break or bounce from here.


Chart courtesy of Advanced GET. Data provided by eSignal.

The Euro Swiss Franc seems to have a bullish flag pattern going on. Add that with a slight MACD convergence and the figure and we may see a reversal. Watch for a bounce on this pair too otherwise further weakness.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman