Euro, EUR/USD, EUR/CHF – Talking points
EUR/USD TECHNICAL OUTLOOK
After making a 2-year low at 1.08062 two weeks ago, EUR/ USD has managed to gain some short-term bullish momentum as it crossed above the 10-day simple moving average (SMA) and it’s gradient is positive.
Further bullish momentum may unfold if the price is to cross above the 21-day SMA, but it would take a sustained rally above it to turn the gradient to a positive slope.Nearby resistance might be at the recent peaks of 1.11212 and 1.11375. Further up, resistance could be at the previous highs and pivot points of 1.12743, 1.12802, 1.13751, 1.13959, 1.14830 and 1.14949.The slight weakness of the last few sessions has the price nearing an ascending trend line, currently intersecting at 1.0995, a level of potential support.Below there, the previous lows of 1.0891 and 1.08062 are potential levels of support. EUR/CHF TECHNICAL ANALYSIS Similar to EUR/USD, […]