EUR/USD: no any reversal pattern so far

EUR/USD: no any reversal pattern so far

0607eurusdh4.png

There's no any reversal pattern so far. It's likely that the market is going to test the nearest resistance at 1.1747. A pullback from this level could be a starting point for a decline towards the next support at 1.1606.

0607eurusdh1.png

The 34 Moving Average has acted as support. Also, there's a bearish 'Harami', but this pattern hasn't been confirmed yet. So, after a short break, the pair is likely going to test the upper 'Window' (1.1747).

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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