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/CHF is trying to return to 1.14
Information is not investment advice
On W1, EUR/CHF formed a bearish candlestick with a long upper shadow. The pair failed to close last week above the line connecting October and February highs. Weekly Moving Averages also added to the resistance. At the same time, on D1 the pair got support from the 200-day MA at 1.1350. The euro will likely revisit the 1.14 area where it’s possible to try short positions. If the price manages to overcome the resistance, the next level to watch on the upside will be at 1.1440.
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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