Forex levels update
Yesterday china sell off created a major panic among all equity markets . Even dow jones could not save itself from the heat and tanked . Dollar index also came under radar and still trading with red sign . Posting major forex pairs day trading levels . These are valid only for today’s trading session .
USD/JPY
Our favorite forex pair usd/jpy trading at 117.50 . A good resistance on intraday chart at 117.70 . If buyers manage to break this hurdle and sustain above our resistance . Then expect 118 – 118.40 today .
A good support on chart stands at 116.90 . If sellers take this support out and manage to sustain beneath this level . Then expect usd/jpy to correct upto 116.50 – 116.10 today .
usd/jpy trend update : Trend is weak for now . Resistance is key , once this broken we would think to go long .
EUR/USD
Currently euro trading at 1.0883 . A good support in this forex pair at 1.0850 . Once this support is out and sellers manage to sustain beneath this level . Then expect eur/usd to correct upto 1.0805 – 1.0760 today .
A good resistance on intraday eur/usd chart at 1.0930 . Once this resistance is out and buyers manage to sustain above our resistance then expect market to zoom upto 1.0970 – 1.0999 today .
eur/usd trend update : Trend is flat to positive for now .
USD/CHF
Currently usd/chf trading at 0.9980 . A good support on this forex chart at 0.9940 . Once sellers take this support out and manage to sustain beneath our support . Then expect market to correct upto 0.9920 – 0.9860 today .
A good resistance in this forex pair stands at 1.0020 . Once buyers take out this resistance and manage to hold above our resistance . Then expect usd/chf to zoom upto 1.0060 – 1.0098 today .
usd/chf trend update : Trend is flat to weak for now
More will update to our forex trading signal subscribers