TradingWiz88

TradingWiz88

Hello Traders, EUR/USD is in a bullish channel pattern. It just hit the second higher low hitting the bearish channel support line. Look for support and there should be a buying opportunity. However there may be USD strength or weakness depending on the outcome of the debt ceiling news.

TradingWiz88

The USDCAD is currently in a parallel channel with the possibility of hitting the upper trendline. It is also on wave D of the Elliot wave pattern. It will eventually trend down to finish the elliot wave pattern once it hits the upper trendline at resistance.