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A review of the most interesting trading opportunities is a daily cycle of analyzes under the patronage of the FX88 broker, where we present the most interesting possible Price Action setups.

Risk notice: Transactions on Forex and CFDs can lead to the loss of all invested capital. Please note that FX88 is not responsible for the preparation of materials for this article or any other materials related to this article. The materials from the article are for informational purposes only and the information contained therein is not an investment advice and should not be interpreted as such.


USDPLN

USDPLN has been moving south again for two weeks. Looking at the daily interval, we can see that if only these declines are continued, in the near future we could even expect a re-test of the area around 3.3150.

USDPLN Daily

Looking at the 30-minute interval, however, we notice that the market has been moving horizontally for three days. As it turns out, only overcoming the lower limit of this consolidation could, in this case, open the way for further declines.

EURCHF

As a result of long-lasting increases, EURCHF currency pair reached the level of 1.20, where today the first supply reaction appeared. It is worth recalling that this level was defeated exactly on January 15, 2015, when the Swiss National Bank decided that the artificial maintenance of the rate over 1.20 is too expensive (the Swiss Bank had to buy European currency all the time or sell francs so that the rate would not fall below). With the abandonment of the fixed exchange rate at 1.20, there was a drastic and unexpected breakdown of the market, which was hailed as Black Thursday.

EURCHF Daily

If the resistance tested at present is rejected, we would expect a reversal, for which (from the technical point of view) the potential target could be the area around the recently defeated resistance (now support), ie the level of 1.1800.

EURGBP

The current situation on the EURGBP currency pair is still noteworthy, as a result of ongoing increases from Wednesday, the lower limit of earlier consolidation has been re-tested. There today, the first supply reaction has already appeared and if this zone is rejected, we could expect further declines.

EURGBP Weekly

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