EUR/USD is moving towards the resistance line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/USD continues in its current trajectory, we can expect it to reach 1.1110 within the next 2 days.
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USD/CHF is approaching 0.9089. We expect either a breakout through this line, or a rebound.
USD/CHF is moving towards a resistance line. Because we have seen it retrace from this level in the…