Technical analysis of EURUSD
CAD/CHF has a chance
On H4 of CAD/CHF, the pair tested picks near 0.7394 several times. It may be a signal of the further rise. Moreover, the RSI indicator has been moving up. As soon as the pair is at 0.7398, we can anticipate a further increase to 0.74115.
USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD