USD/CAD has rebounded
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
EUR/CHF: it’s hard for the euro
Trade idea
SELL 1.1390; TP1 1.1360; TP2 1.1310; SL 1.1405
EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA. Given the fact that EUR/CHF is overbought on lower timeframes, it will likely turn down towards the middle of the trading range which has been in place since August.
Elizabeth Belugina
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Latest news
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The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
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AUD/CAD falling inside impulse waves 3 and (C)
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