Euro Technical Outlook – Trend Versus Ranges for EUR/USD, EUR/JPY and EUR/CHF

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Euro Technical Outlook – Trend Versus Ranges for EUR/USD, EUR/JPY and EUR/CHF
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The Euro appears to have a trend unfolding against the US Dollar, but ranges might be in play against the Japanese Yen and Swiss Franc. Where to for EUR/USD, EUR/JPY and EUR/CHF?

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 21, 2023 when Wall Street traded near 34,068.90.Crude oil prices gapped and finished Monday 4.35% higher after Hamas’s attack on Israel generated potential supply disruption woes...

A feature of Bollinger Bands is to easily identify the level of volatility in the market by the width of the bands. EUR/CHF has been contained and trading between 0.9500 and 0.9700 for 3 months in what appears to be a range trading environment. This seems to be a characteristic of EUR/CHF from time to time.

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