Technical analysis of EURUSD
CAD/CHF has been moving to the resistance
Information is not investment advice
On the daily chart, CAD/CHF has almost reached the resistance range at 0.75415-07556. RSI indicator and the stochastic oscillator are near the overbought area. It means that the reversal is close. When the pair turns around, the first target will lie at 0.7461.
However, the pair may get an additional boost. To continue the upward movement, CAD/CHF needs to stick above 0.7556. The target is at 0.7613.
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.