#EURO Crosses Breakouts

Some Euro Crosses had very nice breakouts as announced earlier.

EURCHF broke it's days low during the Asia session and it took out the weekly low in the direction of the weekly trend. It has reached 100% of its average daily trading range. The low of the month still remains to be taken out thus putting it in FULL downtrend mode for the remainder of this week.

EURGBP had a similar situation to EURCHF and took the whole range as well. However, EURGBP also changed the main move of the month making it a strong downtrending pair. Look for SHORT entries on this pair.

EURNZD took almost the whole range as well on the break of the week low in the direction of the main move. The low of the month sent this pair on a full downtrend mode for this week/month so far. Look for short entries here.

On other European currencies crosses:

CHFJPY: A great breakout of the high of the week in the same direction of the month, makes this pair very interesting to trade on the next few days. Not only it completed its average trading daily range as it took out the high of the month thus changing the month move to UP. If we have a close near todays high, expect some upwards expansion tomorrow as well. Look for longs on this pair.

GBPCAD: This pair took out the high of the week as well as the high of the month thus aligning all three trends (daily, weekly, monthly) to an upwards condition. Look for longs on pullbacks or high (daily, weekly, monthly) breakouts.

GBPAUD: Also had a nice breakout on the daily/weekly highs in the direction of the move. All 3 moves (UP) are aligned. Also a great pair to trade in the next few days.