Monthly Archives: June 2018

EURJPY rises to 23.6% Fibonacci level after sharp sell-off

EURJPY pared some of Tuesday’s losses and re-challenged the 23.6% Fibonacci retracement level of the downleg from 137.50 to 124.60, around 127.65. The momentum indicators are supportive of the short-term bullish correction, with the RSI flattening into negative, the MACD oscillator approaching the…

EUR/CHF – key resistance holds, bears gather for a picnic

We can see on the daily chart that the resistance zone previously highlighted has performed its job well. Not only did the bearish hammer mark the swing high, but was also the prelude to two bearish range expansion days surrounding ECB’s meeting, renewed trade fears (CHF strength) and dovish remarks…

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