EUR/CHF
Has uptrend located at 1.2050 and as long as we can stay trading above this point we will see the market trade higher.. We look for the technical stochastics to turn bullish soon as we are approaching oversold levels and this should help the market bounce back towards 1.2075 to 1.2080. The ranges in this pair have been extremely tight since the top was formed back in December and if we fail to hold onto 1.2020 look for 1.1900
EUR/JPY
Is holding onto 106.88 which is the 23.6% med term Fib level. A loss below here would see further selling
pressure evident and we would then be in a good position to move lower with 105.00 targeted. We would expect sellers to cover to here. 109.90 offers resistance and if we break above here we see 111.70 then as a viable target.
EUR/AUD
Has been base building this past few months...and now we seem poised to break the 200 day M/A located at 1.2437. Once we can accomplish this we see another test of 1.2618. Technically the market indicators do favour a move higher and if we can break this 1.2618 area we can travel higher for 1.2775. If we fail at 1.2437 we see a retreat towards 1.2260 but any dip lower should provide an opportunity for buyers to come back into the market.
EUR/CAD
1.3165 is the key to direction. Technically the market has held the uptrend and with bullish technical indicators we seem poised to trade higher with 1.3335 looking to be the likely target. Now obviously this all depends on being able to break 1.3165. If we fail to do this then weakness will be evident within this market and we would be looking at the uptrend at 1.3090 and previous lows of 1.3030 to entice us lower.
AUD/CAD
Has made the break higher overnight and we have broken the 200 day M/A at 0.9456. Now we have made this break we look for 0.9510 as our targeted area. Here we would cover longs. Reinstate longs back on dips to 0.9420 or a break above 0.9520. If above 0.9520 we see 0.9585 as easily achievable this coming week.