EUR/CHF: don’t trust the euro
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
CAD/JPY: a pattern has emerged
Information is not investment advice
It looks like CAD/JPY formed a “Head and shoulders” pattern. The pattern may not look very pretty but it has all the required elements. The pair broke below the neckline in the 82.40 area on Friday. On Monday, the price attempted to get higher but the neckline provided resistance.
CAD/JPY is also trading below the 38.2% Fibonacci retracement of the January-March advance. As a result, the levels to target on the downside lie at 81.35 (50% Fibo) and 80.45 (61.8% Fibo).
Elizabeth Belugina
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EUR/CHF: don’t trust the euro
The upside of EUR/CHF has so far been limited by 1.0975. On Monday, the pair slipped below 1.0940 resuming the decline that started last week.
AUD/USD is consolidating
Last week AUD/USD managed to take off from the 0.7660 area. Then it consolidated between 0.6855 and 0.6810.
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