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.
EUR/AUD has some fuel
Information is not investment advice
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area. There's also a 100-day MA just above 1.6050. The pair tried to retest levels below it earlier this week but then closed higher. All of this lets us think about a bullish scenario. The advance above Friday's high at 1.6170 area will open the way up to 1.62 (100-day MA) and potentially to 1.6235 (200-day MA). Support lies at 1.6090 (200-period MA on H4). The decline below it will mark a return to 1.6050.
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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