Comments on: EUR/USD: Dominated by Sovereign flows; MAs provide technical support https://fxww.com/eurusd-dominated-by-sovereign-flows-mas-provide-technical-support/ The Professional Source Wed, 04 Sep 2013 01:15:09 +0000 hourly 1 By: Kirill https://fxww.com/eurusd-dominated-by-sovereign-flows-mas-provide-technical-support/#comment-28819 Wed, 04 Sep 2013 01:15:09 +0000 http://381c099c8f.nxcli.net/?p=10474#comment-28819 Hi Sean,

I have not looked on loonie for almost half a year. Today while flipping through monthly charts it literally shocked me. It looks like it is getting ready to roll over in a major way (again it is a monthlies, so caution is warranted) but I think I will start building short CAD/USD position…. If it clears 1.06 region it could start moving.

Another peculiar formation is CHF/JPY, it is not far from 20 years high, but most probably is not yet ready for countertrade.

Cheers
Kirill

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