#CADCHF loosing steam!CADCHF is still trading in channel. The 833 level seems to be a strong res. PA is currently trading at 835 levels and still no strength to make new highs. With nice RSI divergence a ret. to 8284 or 824 should happen soon.
Ascending
#GBPCHF short - test of #breakoutGBPCHF is trading in an ascending channel, bullish trend. PA reached the top boundary and 127.2 ext of previous high on very strong impulse leg from the bottom channel boundary. Although the 113 ext at 52 provides support last week the breach is likely to test 5122. The support can be observed on the RSI too (red TL).
#EURUSD will move towards 36 or 39?After the sell-off from almost 40, EU ended close to 37 handle, failing to create new low. Same happened beginning April after the rally to 396, EU failed to close below 37. The PA is in the lower half (below median channel line) of the channel and possible completion of bullish gartley.
Conclusion: The 37 handle has been a strong S/R level in 2014. Now, close to Jun, with ECB putting efforts to lower EU the final breach of 37 might happen. However, the rally up to 39 is not out of the question.
