The EURUSD and NZDUSD reversals occurred at the tops (and midline of a longer term NZDUSD channel) of their respective channels. These one day bar/candle reversal patterns from technically significant levels warn of trend changes.
Short term channel midline support for the EURUSD is at 1.4700. Coming under there exposes the 9/21 low at 1.4611. Dropping below this level would signal bearish conditions going forward.
A short term NZDUSD midline (blue channel) is at .7085 and the trend defining level is .7014.
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