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todays technical analysis

EUR/USD

The EUR/USD went increasingly bearish yesterday, and currently stands at the 1.4920 level. The daily chart's Slow Stochastic supports this currency cross to fall further today. However, the 4-hour chart's Stochastic Slow signals that a bullish reversal will take place today. Entering the pair when the signs are clearer seems to be the wise choice today.
GBP/USD

There is a fresh bullish cross forming on the 4-hour chart's Slow Stochastic indicating a bullish correction might take place in the near future. The upward direction on the hourly chart's Momentum Oscillator also supports this notion. Going long with tight stops might be the right strategy today.
USD/JPY

The cross has been dropping significantly for the past week now, as it now stands at the 86.10 level. The RSI of the daily chart is already in the oversold territory, indicating that an upward correction is imminent. This view is also supported by the RSI of the 4-hour chart. Going long with tight stops may turn out to be the right choice today.
USD/CHF

The daily chart is showing mixed signals with its RSI fluctuating in neutral territory. However, there is a fresh bearish cross forming on the 4- hour chart's Slow Stochastic indicating a bearish correction might take place in the near future. When the downward breach occurs, going short with tight stops may be the correct strategy.

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