In today’s analysis I spot two potential setups, a EUR/USD long, and a USD/CHF short. The USD/CHF potential short has already been cancelled as buyers were able to create a new high. The new high indicates buyers are in control of price, which effectively cancels any potential short setup.
EUR/USD is still looking good as it’s sitting on a eight month low and sellers are struggling to continue down. If buyers take control of price, I might enter long for a bullish reversal on this pair.
Watch the video below for a full breakdown on the EUR/USD setup.
Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live!