Price Action Analysis | Forex Trading

Hello Price Action Traders.

Eur/Chf

The forex pair is placed in a very compressed and laterality situation, so it is not easy to find trading opportunities but in recent days something interesting has happened and it could be used as a trading signal.The bullish breakout of last Thursday’s high could accelerate prices with the primary objective at 1.2400 key area. If the market were to pierce in the daily closing this area we could see a lunging toward 1.2550.

 

Us Light Crude Oil

Next week I’ll keep monitored the chart of Us Crude Oil. This is because the price is in a short-term down trend and it might be interesting to look for short price action signals on return to the resistance at 102.00 while will be much critical the key support at 98.00. This hot zone was for several months an important resistance level and today the market could act as support.

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