EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/NZD: short-term idea
Information is not investment advice
EUR/NZD is consolidating within a symmetric triangle around 1.7400. The initial attempt of the pair to break above the resistance line connecting September and October highs wasn’t successful and a candlestick with a long upper wick appeared on the H4. Only the advance above 1.7510 can open the way up to 1.7550 (early October highs). On H1, there was an inside bar pattern followed by a bearish candlestick, so we suspect that the pair will turn down to visit at least the middle of the triangle. We picked support at 1.7460 as a trigger for sell orders with a target around 1.7435 (100-MA on the H4).
Elizabeth Belugina
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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