A few EUR crosses are sitting near key levels ahead of today's ECB meeting. So, today we glance at EUR/USD, EUR/GBP and EUR/CHF to highlight potential opportunities.
EUR/USD Daily
- Consolidating below key resistance ahead of today’s ECB meeting.
- Bearish pinbars mark prominent swing highs in line with the dominant trend.
- Bears are looking to trade this back down towards 1.13 support.
EUR/GBP
- The rally from 0.8723 has stalled at a technical juncture.
- A break of the trendline could be just as compelling as the pair rolling over from current levels.
- Wait for momentum to return to confirm the next likely direction of the pair.
EUR/CHF Daily
- Prices have turned lower since failing to break 1.1480/96, making it a strong resistance level.
- The bearish trend assumes a run towards the 1.1183 lows.
- Near-term resistance sits at 1.1382, although we remain bearish whilst below 1.1480/96.