EUR Crosses At A Glance

Matt Simpson, CFTe, MSTA CityIndex

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.

Author

Matt Simpson, CFTe, MSTA

CityIndex

Matt Simpson is a certified technical analyst who combines charts and fundamentals to generate trading themes.

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