Key Bounce or Break Decision Zones for Major Currencies

December 11, 2017

By Admiral Markets

Hi Traders,

The EUR/USD is facing key resistance at 1.18 which could be a bounce or break spot. A bullish breakout could indicate an uptrend whereas a bearish bounce could extend the wave C.

The GBP/USD is showing bearish price action but strong support trend lines still stand in the way. The daily chart could offer break options.

The USD/JPY could be in an uptrend if price manages to stay above 113.

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Many green pips,

Chris Svorcik

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Article by Admiral Markets

Source: Key Bounce or Break Decision Zones for Major Currencies

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

 

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