The DecaPip Daily is my intraday outlook highlighting Resistance and Support levels in the Forex market. Click here to see my DecaPip Weekly post.
In today’s DecaPip daily I would like to focus on the EURUSD and the USDCHF currency pairs. These trading pairs usually trade in the opposite direction to each other and give a good indication on the charts as to what is likely to happen if one is trending the other will likely be doing the same, albeit in the opposite direction.
Just to give some commentary to the illustrated charts; I think the trendlines offer a really clear picture of what to expect. We can see we are sitting at a critical point for these pairs where they will break out heavily in a direction eventually. I predict the breaks will infact be sizeable when they do come.
DecaPip Daily: 12/06/2015
- Resistance 1.1340
- Support 1.1207
- Resistance 9307
- Support 9220