It is a new week and I will like to share with you my analysis on the EURUSD and USDJPY
Below is my analysis for EURUSD
The overall trend of the EURUSD remains down as the higher time frames are showing good sign of down trend.
The price has hit the 200 EMA resistance on the hourly chart and the price also hits a major resistance at 1.10221 on the 15 minutes chart
If the price breaks below the 1.10106 level, you can look to enter a SHORT trade on the EURUSD
If the price breaks above the 1.10279 level you can look to enter a BUY trade on the USDJPY
Below is my analysis for USDJPY
For the USDJPY, it is now moving within a trend channel and therefore you can trade the range of this channel.
It is harder to trade the trend of this pair as the trend on the higher time frame is opposite to the trend of the lower time frame.
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