The major currency pairs like the EUR/USD may be in for a quieter week following last week’s central bank bonanza. Much will depend on whether the US dollar will be able to hold onto its recent gains. Meanwhile, among the more technical-friendly pairs to watch is the EUR/CHF pair, which has cleared a major resistance zone following the Swiss National Bank’s surprise rate cut last week. More on this later. The EUR/USD itself will be in focus as traders wonder whether Friday’s breakdown below the 200-day average was a temporary move, or one that has legs. EUR/USD outlook: What will traders be watching this week? … (full story)
