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EUR/CHF looks ill

EUR/CHF looks ill

Information is not investment advice

The CHF is currently strengthening versus many currencies. The EUR is no exception. This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively. It looks like the pair formed a top when it slides below 1.0970. On the H4, the candlestick closed below the 61.8% Fibo retracement of the October advance at 1.0920, while moving averages are in the negative setup. There’s no substantial support for the price until 1.0880 (78.6% Fibo). The further level to watch on the downside is at 1.0835 (September lows). 

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EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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