EUR/JPY is on shaky ground
The euro is fundamentally weak
EUR/CHF: the final target
Information is not investment advice
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished and the pair may slide to even lower levels. Such a scenario is plausible given the European Parliamentary election that is taking place this week and the high probability that the eurosceptics will strengthen their position.
The target levels for selling EUR/CHF are in the 1.1160 area (support line connecting 2018 and 2019 lows; March low; 200-week MA). The fall will be likely as long as the pair is below 78.6% Fibo retracement of March-April advance at 1.1230.
Elizabeth Belugina
Similar
AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
Popular
EURNZD is in the overbought zone
Technical analysis of EURNZD
EURGBP got a boost
Will EURGBP continue its movement up?
EUR/JPY is on shaky ground
The euro is fundamentally weak
Choose your payment system
