EUR/JPY ââ,¬â€œ EURJPY is facing resistance at the trendline which forms the top of downward channel from the 8/31 high of 150.71. Hourly RSI is overbought, and a break below 70 would indicate a bearish move down towards the supporting trendline. A move higher, however, would aim for the 8/31 high of 150.71.

EUR/CHF ââ,¬â€œ EURCHF corrected after peaking at 1.5847, forming a double top. MACD on a negative slope in the daily and hourly charts favors a bearish move, along with price slipping below the 20 SMA at 1.5798. However, only a break below the 8/17 low of 1.5757 would instill confidence that the path is down.

EUR/GBP ââ,¬â€œ EURGBP trades near the confluence of the 50 SMA and 38.2% fibo of .6958 - .6720 at .6809/11. A sustained break above the 50 SMA could find the pair rallying past the 8/21 high of .6827 to the 61.8% fibo at .6867. However, with hourly RSI in overbought territory, a cross below 70 would favor a move to the 8/24 and 8/25 lows of .6746, which would form a triple bottom.

Jamie Saettele is a Technical Currency Analyst for FXCM.