Monthly Archives: June 2018

EUR/CHF: Have bears regained the upper hand?

As my colleague Fawad Razaqzada noted earlier today, the euro spiked briefly after this morning’s ECB meeting before reversing violently back to the downside in a mirror of yesterday’s price action in the US dollar.

While the ECB’s plan to end its quantitative easing program at the end of the yea…

EURUSD: 1.1675 Is the Level to Watch

On Monday I wrote that the EURUSD looked vulnerable despite recent gains. The single currency was beginning to lean heavily on an intraday support level and was also having trouble moving above resistance at 1.1830.

That 4-hour ascending channel broke down just hours after Monday’s commentary. An…