Big Pippin - Babypips

EUR/USD
The Euro finally took a plunge like I thought it would but today's strong move could mean a retracement tomorrow or a continuation of the trend. The pair seems to have found support at the 3700 and although daily stochastics are trending down nicely now, 4hr stochastics are in oversold territory. If the pair can break below 3700 to around 3675, then I would watch for the Euro to continue down to at least 3650.

GBP/USD
The Sterling is in a similar situation as the Euro. It's fallen pretty hard today and we could see a retracement tomorrow or we could see a continuation. The Sterling has found support at the 2.0500 mark. If the pair can break below 2.0500 to around 2.0475 then I would expect it to at least go to 2.0450. If not, look for the Sterling to bounce back up to around 2.0550.

USD/CHF
The Swissy has found slight resistance around 2150 which also happens to be right around its 50 EMA on the daily chart. Daily stochastics are trending up nice but 4hr stochastics are in overbought territory. I'm really not sure what to think here because the pair isn't really providing any good opportunities for trades. My advice would be to sit out on this pair for tomorrow.

USD/JPY
The Dollar found slight support at the 120.00 mark. Both 4hr and daily stochastics are in oversold territory which means we could see the pair head back up tomorrow. I also am more bullish than bearish on the pair since it fell hard for 3 straight days. Look for the pair to head back up to around the 121.00 mark.