Inter-day Forex Analysis – Daily Charts – June 14, 2016

EURGBP – Daily Chart

EURGBP was rejected at horizontal resistance in yesterday’s trading and price is already testing the resistance level again in today’s trading session. Fundamentals suggest that EURGBP could move higher. The horizontal resistance may now act as a great opportunity for long positions.

NZDUSD – Daily Chart

Price is currently testing the previous horizontal resistance (now horizontal support) on NZDUSD. The resistance was created by the highs of a recent double-top formation but price has since moved and closed above the reversal pattern. The support has held for the last 2 trading sessions and price is testing that support level again today, creating some opportunities to buy the NZDUSD.

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