EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA.
Tag - eur
Great Britain released the average earnings index at 11:30 MT time…
There's a bearish correction, which is taking place on the Daily chart. We've got two 'Three Methods' patterns in a row...
Let’s consider the key events with technical setups for the upcoming days.
If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range.
Check the key levels for EUR/USD and GBP/USD ahead of the US release
It's likely that the price is going to test the nearest support at 0.8574 because of the last 'Triple Top' pattern...
This month EUR/NZD broke the downtrend resistance line which was in place since the start of January.
EUR/USD and EUR/CAD are the best options for today.
The price action seen at the H4 chart resembles an inverted “Head and Shoulders” pattern with a neckline at 1.1250.
The economic calendar is almost empty but we will use this as an opportunity to consider currency pairs from a longer-term perspective.
Watch this video for this week's success!