Technical analysis of EURUSD
CAD/CHF has been moving to resistance
Information is not investment advice
On H4, CAD/CHF has been moving to the resistance at 0.7530 (previous points of reversal and the trendline). If the pair reaches this level, we can anticipate it will turn around. In this case, the target will be placed at 0.7513. The next target is 0.7504.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.