[EURUSD]

Our Preference:

-        Short positions below the neckline of 1.0969, with targets at 1.0939.

Commentary/ Reason:

-        Chart entered double top pattern. It is likely that it will breakout into a bullish downtrend.
-        The RSI is below its neutrality area at 50
-        the MACD is negative.


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[USDCHF]

Our Preference:

-        Long positions, with target at 0.9681.

Commentary/ Reason:

-        The MACD is above its signal line and positive.
-        Current retracement is completed, and chart is going into upward movement.
-        Fisher Transform indicator by Ehlers indicates the possibility of following a strong price rise and the Fisher Transform reaching a high level.
-        The pair is trading above its 200 and 50 Moving Averages.



2



[GBPUSD]

Our Preference:

-        Short positions below 1.2318 with target at 1.2291 and 1.2269 at extension.

Commentary/ Reason:

-        Chart entered an ascending triangle pattern, signifies a bearish continuation of a downtrend.
-        The pair is trading below both its 200 and 50 Moving Averages.



3