Forex Technical Update

EURJPY, EURGBP, EURCHF

EURJPY

Testing Daily resistance at 131.80/90

A Break Up here will result in another attempt to break 132.40

Failure to overcome 131.90 will result in a return to 131.40 or even 131.00

EURGBP

EUR showing strength having broken 0.8660 pivot, now looks to test 0.8720 Resistance

Failure to hold 0.8660 would see a pullback to 0.8620/0.8600.00

EURCHF

EURCHF trading up off the recent lows of 1.0940 is testing Resistance at 1.0980/90

A break of 1.0990 will see 1.1020 next.

Failure at at 1.0980/90 points to another test of 1.0940

http://www.eightdragonscapital.com

support@8dragonstrade.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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