Hello Traders, what’s going on market after US closing? 😉
EUR/GBP
Still in bullish trend. After breaking through last high resistance level, EUR/GBP retested broken resistance/support zone and we can almost spot daily pinbar candle. Even if today’s candle won’t be a classic pinbar, its longer bottom shadow is interesting. Few pinbars can be spotted at lower intervals.
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CAD/CHF
Interesting situation draws on CAD/CHF daily chart, where we can spot a classic bearish pinbar. This candle might be treated as a one-candle-retest of broken yesterday local support zone. Both medium trend and momentum are pretty bearish so there is a good chance to meet last low at CAD/CHF.