EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/CHF may form a triple top
Information is not investment advice
For 3 weeks in a row, EUR/CHF tried to close above the resistance line connecting October and February highs and failed. If we study the price action at the daily chart, we’ll see a pattern that resembles a “triple top”. To sell the euro it’s necessary to have the confirmation in the form of the pair going below the 200-day MA at 1.1340. The next levels to watch on the downside will then be 1.1320 (50% Fibo retracement of the March-April advance) and 1.1280 (61.2% retracement). The pair needs to return above 1.14 for bulls to regain strength.
Elizabeth Belugina
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EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
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