EUR/USD Daily & 2 Hour Charts
- Bulls Hold With Bullish Engulfing Bar
The daily chart support level that has been crucial in holding back the bears from surging lower has so far managed to hold again with the bulls aggressively pushing back higher.
As the daily and 2 hour charts show below; price quickly reversed at the daily support, forming a strong Bullish Engulfing Bar = BUEB on the 2 hour chart and moving back higher.
Price is now tracking back higher into the proven daily resistance that is a major watch over the coming sessions for potential bearish setups.
USDJPY Daily Chart
- Big Watch Daily Support
Similar to the EURUSD, the USD/JPY is moving into its daily support level and looks an interesting watch for potential bullish price action reversal triggers.
Two weeks ago this support level acted as a swing low for price to make its most recent bounce higher and price is now looking to make another attempt at breaking lower.
This market has not had any clear trend in recent times with price ranging sideways. If price can fire off any A+ bullish triggers showing the bulls want to hold this level, it could be a solid level to look to get long.
USD/SGD Daily Chart
- Daily Pin Bar Sends Price Lower
Price action on the daily chart of the USD/SGD printed a counter trend pin bar that has seen price sell off lower.
Price has been trending aggressively higher in recent times before running into the daily chart resistance level and forming this pin bar.
Price is now tracking lower and into the next support level that could be a solid level to look for high probability bullish trigger signals to see if this move higher wants to continue.
EURGBP Daily & 2 Hour Charts
- Price Pauses at Daily Resistance
After breaking out and moving strongly above the daily resistance, price quickly snapped back, made a quick re-test of the old resistance / new support price flip before continuing.
The 2 hour charts below show this strong move, quick break and then re-test the clearest.
Price on the daily chart has now paused after running into a major daily resistance level.
If price can rotate lower and back into the same price flip support, bullish traders could hunt for long trades if any A+ price action presents.
