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EUR/USD Opens Week With A Gap, USD/CHF Remains Bullish

Published 08/26/2014, 06:18 AM
Updated 07/09/2023, 06:31 AM
EUR/USD
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USD/CHF
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NZD/USD
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EUR/USD - Gap down.
This pair opened this week with a gap, the price hit a support zone. As you can see we have support below 1,3176, the static resistance could be found at 1,3292. The price could grow to close this gap or even to test the resistance but the outlook remains bearish after Jackson Hole Symposium. ECB's president Mario Draghi said that the central bank is ready to do more to bolster the economy, he signaled that more stimulus are needed for the Euro zone. The stochastic indicator shows an oversold market.

EUR/USD



USD/CHF - Still bullish.
We have a uptrend on Daily chart, the price reached a horizontal resistance but the perspectives are still bullish, the upward movement is expected to continue because the U.S. Dollar is very strong lately. If the price will come back above 0,917 then we can see new highs, next resistance will be at 0,9247. The support is now at 0,9117.

USD/CHF



NZD/USD - Could test the broken levels.
We could have a bounce back on this pair, the price will try to test the uptrend and the 0,8416 level. Most likely that will find a strong resistance at those levels. Is important to test the resistance (0,8416) and then to fall below 0,8308 to continue this retracement. Stochastic looks oversold.

NZD/USD

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