Hello everyone! For ...from PhoenixMan

Hello everyone! For the EUR/USD pair I'm saying that the price will fall to the nearest support line. Now the price is at the intersection of these two channels. And I expect it to come out of one and start moving in the other. The target is the nearest support line at 1.174. Good luck on trading!

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Hi guys, Happy Monday! This is my GBP/USD Trade Analysis. Current trend of this pair is uptrend. support Levels: 1.3000. Resistance Levels: 1.3173. Whilst this level was previously holding repeatedly as a resistance level, price has now strongly broken above it. This level is now looking to act as a role reversal and new support level for a new push higher. If this level can hold as a new support in the coming sessions we can look for long trades and for a new leg higher. The next resistance comes in around 1.3173 which is a key level for this market as it has held as a major resistance on the daily chart many times this year.

PhoenixMan

Price is ranging sideways on this GBP/USD pair, it is now holding at the daily chart support level. Based on the daily chart shown, price has now formed a small false break bullish hammer pattern after price action formed an inside bar. This bullish hammer pattern is rejecting the daily support level around 1.2860. For this hammer candlestick pattern to complete, we would need to see price break the hammer's highs. If this happen we could see the support level hold and long trades activate with price move into the next resistance around 1.300 and then 1.3168.

PhoenixMan