A start of a bullish trend on EURCHF

EURCHF has broken through a line of 1.0964. If this breakout holds true, we expect the price of EURCHF to test 1.0980 within the next 20 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

What’s going on with EURGBP?

Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.32% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.

What’s going on with AUDJPY?

Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 0.24% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.