Analysis

EUR Crosses At A Glance

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.

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