Tuesday, Wednesday and Thursday all coming up with top tier economic data for the Aussie and the Swissy.
On the 4 hour chart we can see strong support on the 6.500-6.525 range (sellers might be tired) and strong resistance at 6.550- 6580.
A break below would send us to the mentioned support for a profit of +100 pips, break below and all the way towards the January flash crash.
However, brake above would send us to 6.800 for a similar initial profit.
Which way is it going to brake?
On the 4 hour chart we can see strong support on the 6.500-6.525 range (sellers might be tired) and strong resistance at 6.550- 6580.
A break below would send us to the mentioned support for a profit of +100 pips, break below and all the way towards the January flash crash.
However, brake above would send us to 6.800 for a similar initial profit.
Which way is it going to brake?