EUR/JPY ââ,¬â€œ Little is changed as the EURJPY remains range bound between 150.71 and 147.54.  The month long range is either a consolidation before another push higher or a distribution before a reversal lower.  Momentum divergence at each high since March favors the latter.  A break above 150.71 targets the 161.8% of 140.89-124.12 at 151.23.  A break below 147.54 exposes the 7/31 low at 145.71.

EUR/CHF ââ,¬â€œ The EURCHF has dipped below a short term trendline following bearish divergence at Thursdayââ,¬â"¢s high (1.5913).  Daily oscillators appear to be rolling over as well.  A push above 1.5913 exposes the 9/15 high at 1.5965.  A break below the 10/5 low at 1.5859 exposes the 10/2 low at 1.5823.  The 10 day SMA is below the 20 day SMA as well. 

EUR/GBP ââ,¬â€œ EURGBP corrected the previous weekââ,¬â"¢s rally and bottomed at .6710 last week.  240 minute oscillators remain bullish and favor a continuation of the rally from the bottom of the 2 year and 3 month triangle.  Positive MACD slope on the daily and RSI above 50 support the bullish bias.  The 10 day SMA is crossing above the 20 day SMA today.  .6710 is support and needs to hold in order to keep bullish prospects intact.  The pair is right at a 3 month declining trendline from .6958.  A daily close above improves would be bullish.

Jamie Saettele is a Technical Currency Analyst for FXCM.