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Intraday SMA cross seen on EUR/CHF

A new leg up in EUR/CHF bolstered its 100 hourly SMA to cross above the 200 period one.

While this intraday “Golden Cross” doesn't assure the recent correction is done and dusted, the low prices printed on hourly charts are at a converging distance to the SMA cross. This price level could be used as a technical hotspot by many EUR/CHF traders. The risk scenario is set once a close beyond the 200 SMA is printed.

EUR/USD mid-term buyers gaining momentum

EUR/USD mid-term buyers gaining momentum
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USD/JPY: Offered tone intact amid Asian stocks sell-off

After bottoming near 119.50 levels in early Asian hours, the USD/JPY pair recovers partial losses and keeps range around 119.70 as the Japanese yen remains well bid on the back of falling Asian equities
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