Hello Traders, what’s going on market after US closing?
Pinbar candle is creating on daily chart. Everything is happening below local resistance zone, which hasn’t been broken for couple of days. This might be a great sell signal, but remember that EUR/GBP is in heavy bull trend.
Today key support zone was broken with a great bearish momentum. After all, future direction on this pair might be indicated. For now, try to relax and wait for a retest of broken zone.
Similar to EUR/GBP, demand fights for a further relief on GBP/CHF. Todays trading had place right above local support zone and with another pinbar candle on a daily chart, we might consider going long on this pair.