EUR/CHF….EUR/JPY

EUR/CHF approaching 124.00 is a big red flag on my work!

This cross is dramatically oversold…..128.80 is Dr. Nenner’s downside tgt in the Euro.

EUR/JPY will put in an outside reversal week to the downside with a close

under 107.59. Again this is generally a price negative pattern with ramifications for

stock weakness and bond strength if the cross follows through to the downside.

The Aussie seems a less risky currency to trade at these levels using a stop over today’s high.