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Trader, analyst and instructor with a 6-year experience

EUR crosses: technical overview

Let’s have a quick glance on cross euro pairs with the major currencies.

EUR/JPY

The pair keeps edging lower from the last week’s high of 129.90. Clear fix below the yesterday’s low of 127.30 would open the way for a further decline towards 125.70 (100-day MA) and to 124.80 (recent lows). 

Chart. Daily EUR/JPY

EUR/GBP

EUR/GBP continues a sideways trade in the 0.8465/8600 range since the end of May. The pair is now testing the bottom of the daily Ichimoku (0.8490) and remains supported by the 100-day MA (0.8475). Decline below this level would open the way to 0.8400. Break above 0.8600 could be bullish signal. 

Chart. Daily EUR/GBP

EUR/CHF

EUR/CHF is trading higher on Monday, being in process of bullish engulfing formation. Daily close above 1.2260 would open the way for further growth. Drop below 1.2195 would be a sell signal. 

Chart. Daily EUR/CHF

EUR/AUD

The pair keeps retracing lower from the last week's peak of 1.4410. As of writing, the pair is testing the rising June trend line support at 1.4140. Daily close below this level would open the way for a deeper correction. Next strong support is seen at 1.3810.

 

Chart. Daily EUR/AUD

EUR
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