Week ahead – EURUSD, EURGPB, GBPCHF

Last week has proven that massive and quick sell-off doesn't mean anything until it proves it can hold below. Well EURUSD couldn't and straight after the 250pips slide down it moved up again and closed even higher. The move seems to me kinda parabolic so I would expect some form of retracement first. Until the year ends I believe we are going to see 3230's to be printed. But hey, what do I know, I am not positioned.

 

Nice rising channel with a pretty decent level ahead (8140's). Plenty of interest will be presented above this level. Watch for quick intraday moves once breached strongly.

 

GBPCHF 

Waiting for ACU between 4820's and 4890's. After that going SHORT is highly probable setup.

 

Do not forget about the year end positioning and that in this time of year, technical picture doesn't have to make sense in compare to the rest of the year. It is all about risk reward and keeping your losses small.

 

Have a good one ;-).