The stock has taken support at 140 level which has multiple touches and is now trying to break the neckline of the double bottom and 100D MA.
If successful, the target comes to 161-163 range.
On daily chart, there looks like an upside breakout from the wedge. A retest of 50D Moving average which is also the falling trendline of the wedge needs to be monitored.
A neutral at this stage given the weak price action this morning. A gravestone doji could be under making.
USDCHF is testing the neckline of inverse h&s pattern. A break of .9480-9500 level is important.
The projection for h&s comes to .9640-50 level.
good luck
EUR is approaching the rising trend line support and also a cluster zone of 1.1695-1.1715
Long with a stop below 1.1650
potential right shoulder of an inverse h&s also if it manages to hold this area
USDCAD is forming an inverse H&S pattern, with Right shoulder now underway.
The rising neckline comes at 1.2970-90 range, so some way to go.
The target for h&s comes at 1.3550-90 range in the medium term if the pattern is successful
OPAC meeting near term risk .
GBP is testing the upward sloping trendline at 1.31 levels
Weakness post BoE meeting and the brexit noise makes it likely that it breaks
Next support comes at 1.3030 and 1.2780
1.3170 imp level on upside to cancel the negative bias
1.1680-60 area critical support for EUR. If broken, that would be the breach of the neck line with target coming in 1.1330-00 range.
With ECB out of the way and QE extended till Sep18 all focus could shift to USD data and fed action for next few months.
