Want more price action setups? Join our Exclusive Member’s Community
We start today’s commentary with a familiar setup in EURGBP. I mentioned this wedge on Friday of last week, noting that we were looking for bearish price action on a retest of former wedge support. The pair finished yesterday with a bearish pin bar below the key level.
As we move closer to the holidays I don’t expect a lot of movement with this pair, or any pair for that matter. That said, I do like this pair lower. There’s some minor support around .7800, however a retest of .7765 is certainly possible.
Summary: Opportunity to sell today’s bearish pin bar. Support comes in at .7800 and .7765.
GBPCHF analysis
AUDUSD analysis
Want Access to All of the Daily Setups?
Join the Daily Price Action Member’s Community