FX Price Action Watch: EUR/USD, NZD/USD, USD/CHF, XAG/USD
Price Action Tracker | Aug 29, 2016 03:58AM ET
In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: EUR/USD, NZD/USD, USD/CHF, XAG/USD
EUR/USD at support zone, watch out for bullish price action
EUR/USD is at a support zone 1.116-1.121, watch out for bullish price action (bullish evidence) and a potential move to the upside from this major zone.
NZD/USD still testing strong resistance
NZD/USD still testing strong resistance zone, watch out for bearish price action and potential move to the downside from this zone.
USD/CHF at a strong resistance zone, look for bearish price action
USD/CHF is at a strong resistance zone 0.978-0.981, watch out for bearish price action (bearish evidence) and a potential move to the downside from this major zone (all the way to 0.954).
XAG/USD approaching support zone, look for bullish price action
XAG/USD price approaching strong support zone 17.79-17.98, watch out for bullish price action and a potential move to the upside from this major zone.
Happy trading!
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