Against the British pound, the euro is definitely not doing well this Friday. What's going on?
CHF/JPY may decline
Information is not investment advice
On the daily chart, the pair has been rising. However, it seems like it hasn’t reached its lows yet. Taking a look at H4, we see that the pair has been trading in the downtrend, so risks of the fall increase. If the pair is able to break above the upper boundary of the descending channel (near 108.865), we will see a rise to the resistance at 108.96. However, if the pair keeps trading in the downtrend, we can anticipate a fall to 108.40.
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The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?
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