MY PAIRS OF INTEREST FOR FRIDAY 16/7.

16 Jul 2021, 08:03 · Views 530

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Below are the few pairs I am currently looking at and considering to perhaps take one or two scalps in the direction of my bias, I would be looking for opportunities to scalp any of the pairs as It’s Friday and I don’t intend to stay long in any position. Trading with caution is advised.

BEARISH BIAS ON EURUSD, BULLISH BIAS ON EURCHF and BULLISH OR BEARISH on USDCHF

If price move contrary to my bias, I would wait for another day.

EURUSD DAILY

I expect more selling pressure for this pair as the down trend is till in place

EURCHF DAILY

This Pair had experienced a buy pressure on Thursday, and I expect further longs towards 1.08641 as the first resistance level, considering that price found support in a crucial oversold level and also has a divergence as indicated by Stochs.

USDCHF 4hr

This pair is currently around a resistance level 0.9190 which may attract sellers to induce selling pressure to the support level 0.9137, but on the other hand, my overall bias is bullish, a breakout of this level to the upside may push price further to 0.9232 as the first major resistance level.

Disclaimer: What I have shared above is not a financial or investment, it’s for educational purposes only, whatever trading decisions you make is at your own risk.

#BearishEUR/USD#

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