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EUR Crosses At A Glance

Published 10/25/2018, 05:29 AM
EUR/USD
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EUR/GBP
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EUR/CHF
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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.

EURUSD

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.

EURGBP

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.

EURCHF

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