EUR/JPY - EUR/JPY has plummeted, breaking below the 6/29 low at 145.32 as well as a supporting trendline that had held since the 5/17 low at 140.19.  Hourly oscillators are extremely oversold and thus a bounce is expected before the next big move down to challenge the 6/12 low at 143.64.  The bounce could come from current levels with 6/23 low at 145.17 as support.  Resistance would be at prior supports such as the 7/3 low at 145.93.

EUR/CHF - EUR/CHF is turning over and heading lower.  The 138.2% fibo of 1.5650-1.5496 is at 1.5708, which favors the view that a top is in place at 1.5709.  Also, 1.5709 was right at a trendline on the daily from the 4/4 high at 1.5853.  A continued bounce from today's low at 1.5653 encounters fibo resistance at the 38.2% fibo of 1.5709-1.5653 at 1.5674.  Additional weakness probes the 38.2% fibo of 1.5496-1.5709 at 1.5628.  Although oscillators are not yet below midpoints - they are sloping down and thus favor shorts.

EUR/GBP - EUR/GBP looks very similar to EUR/CHF.  Both sport bearish engulfing candles from Friday and both are turning over slowly after forming bearish divergence at recent highs on the hourly.  The weekly chart is particularly bearish as last week's high was rejected at a 3 year resisting trendline.  The weekly candle also ended as a very long reverse hammer.  Losses past the .6912 low from today probes the 38.2% fibo of .6751-.6958 at .6880.

Jamie Saettele is a Technical Currency Analyst for FXCM.