The Risk Today:
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EurUsd corrective wedge forming on monthly chart. Last week we broke from the Month long bear channel but it seems there is no respite for the Euro. Initial support stands at 1.2694. Testing initial resistance of 1.2790 at time of writing, break above this targets 1.2900.

GbpUsd Double top ends with strong support at 1.4175, rebound set to culminate at 1.4445 to complete the head and shoulders formation. Key support seen at 1.4175 via 1.4289.

UsdJpy Yen continues to weaken; easing on export trade will provide further impetus for more weakening for Yen. Previous 98.00 resistance becomes initial support. Retracement from current level would refocus 96.93 (23.60% Fib level).

UsdChf Swiss franc continues to benefit from historical safe haven status. Pair retraced to 1.1723 (61.80% Fib level on 1.1885 – 1.1465) move. Initial resistance at 1.1674, first strong resistance seen at 1.1562.