Category Archives: Technical Analisys

EURUSD Targets 1.1830 Following Yesterday’s Breakout

On Sunday I pointed out a confluence of resistance on the EURUSD at 1.1660/70. It’s the intersection of wedge support and resistance. I mentioned this pattern on August 9th and again on the 15th when our target at 1.1300 was reached.

One reason I’ve favored the EURUSD lately is the way it’s respe…

USD/CHF considers break of 3-month range

Since the 0.9983 high, USD/CHF has printed its worst 10-day run since February. And with extreme positioning of the US dollar and Swiss franc, we think it has the potential to extend losses. We can see on the daily chart that USD/CHF has been confined to a 280-pip range since May, with a recent turn…

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