EUR/USD is the top technical currency pair to trade now,

“EUR/USD tops our technical scorecard as it is the most highly trending pair (to the downside) with VHF at 88th percentile

“The cross is not particularly stretched and has a relatively smooth price action indicating the recent move lower should be followed.

Elsewhere that USD/CHF is also highly trending (to the topside) with VHF at 97th percentile, but not particularly stretched.

Caution on EUR/GBP noticing that it “appears to be trending to the downside, but is quite stretched in terms of both RSI and RR metrics and highly volatile as per realized vol suggesting caution in chasing the trend.”

-DEUTCHE BANK ARGUES.

Advertisements