EUR/JPY ââ,¬â€œ The 7/27 high at 148.03 and congestion centered there from 9/7 to 9/11 has established 148.00 as support.  Todayââ,¬â"¢s low is at 148.05.  A head and shoulders continuation pattern has developed since 8/31 and a break of the neckline (which is just above current price) would complete the pattern and expose the 8/31 high at 150.71.  The bullish interpretation of the pattern stands unless 148.05 is broken.  The 9/8 low at 147.54 would then be support.

EUR/CHF ââ,¬â€œ EURCHF made a long bearish wick on Friday at the upper Bollinger band (daily).  Bearish divergence with 22 day momentum, RSI declining from above 70 and CCI extreme at above 100, all favor lower prices.  Former resistance at 1.5827 is now initial support.  A break below there targets the lower end of a previous range near 1.5740.  Fridayââ,¬â"¢s high at 1.5965 is resistance.

EUR/GBP ââ,¬â€œ EURGBP has made a triple bottom today with the 8/8 and 9/1 lows a .6718/22.  The pair has bounced 30 pips and fibo resistance extends to the 78.6% of .6818-.6722 at .6797.  The triple bottom is reinforced by long term triangle support (although that extends a bit lower to the .6700 figure).  The confluence of triangle support and the triple bottom favor longs towards the upper end of the month long range near .6818/27.  A break below .6718 targets the 6/23/2005 low at .6609.

Jamie Saettele is a Technical Currency Analyst for FXCM.