Rumours of a Portugal downgrade and the SNB possibly cutting rates to save the Franc with EURCHF at all time lows today. Markets love rumours but the SNB love to surprise.
Fakeout or breakout?
Trendline resistance now support.
Zzzzz Merkel says there will be no resolution this summit according to Reuters.
Starting to look more bearish. The massive Dai Ichi IPO flow is expected to put continued downward pressure on this pair through next week even as the repatriation winds down. Needs a clear break below 90.00
Off the chart: