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.
USD/CHF is capable of more
Information is not investment advice
With the recent decline of the USD versus safe haven (the JPY, the CHF, and gold), USD/CHF looks like it has more scope for downside: the pair hasn’t reached support yet. Levels to watch on the downside include 0.9715 (January low) and 0.96 (support line). On W1, there was a “bearish engulfing” candlestick that closed below the 100- and 200-week MAs. A bearish break of the “wedge” seen on D1 implies bearish continuation. A pullback to the upside should meet resistance at 0.98 and 0.9850.
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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