Daily Trade Ideas: 17/06/19 2:55 AEST
EURJPY approaching support, potential bounce!
![](https://www.easymarkets.com.au/wp-content/uploads/2019/06/eurjpy_18_06_2019.png)
Price is approaching our first support (61.8% Fibonacci retracement, Horizontal overlap support, 100% Fibonacci extension) where a strong bounce to our major resistance ( Horizontal overlap resistance, 100 % Fibonacci extension, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a bounce.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
https://www.tradingview.com/chart/EURJPY/xKazLTbd-EURJPY-approaching-support-potential-bounce/
USDCHF testing resistance, potential drop!
![](https://www.easymarkets.com.au/wp-content/uploads/2019/06/usdchf_18_06_2019.png)
Price is testing our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension,38.2% Fibonacci retracement) where a strong drop to our major support (horizontal pullback support, 61.8% Fibonacci retracement, 100% Fibonacci extension) might occur. Stochastic is also approaching resistance where we might see a drop.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
https://www.tradingview.com/chart/USDCHF/c6SAErFV-USDCHF-testing-resistance-potential-drop/
easyMarkets - Dealer Insights
easyMarkets Pty Ltd (AFSL 246566 ABN 73107184510) makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. We recommend that you read the Regulation Page, The Product Disclosure Statement, the Client Agreement and the Financial Services Guide before making any decision concerning easyMarkets products.
2024 © easyMarkets Pty Ltd (formerly known as easy forex Pty Ltd) ABN 73 107 184 510 and is regulated by the Australian Securities and Investments Commission (ASIC).
Australian Financial Service (AFS) Licence No. 246566.
Target Market Determination – OTC Options
Target Market Determination – Forward Contracts
Target Market Determination – CFDs
Target Market Determination – easyTrade