The cross has arrived at a key.....>

EURO-SWISS TECHS: The cross has arrived at a key crossroads, a band of support

around 1.0660/40:

- 61.8% of the May 14 - Jun 5 rally intersects at 1.0662. - The 50-day EMA is

rising and suggests the underlying trend is up. It intersects at 1.0653 and for

now, highlights an additional trend support reference (and is close to the 61.8%

retrace level).

- Finally, a daily point and figure chart shows some interesting trend

developments. Most important at this stage is a trendline support that

intersects at 1.0640 (see chart attached).

- The convergence of these three tools around 1.0660/40 highlights the

importance of this area as support.

- An ability to remain above this support zone would signal potential for a

resumption of gains to retest ultimately the recent highs of 1.0916 (Jun 5).

- A break would disappoint bulls and expose sub 1.0600 levels once again and

potentially expose the key 1.0500 handle.

see chart: https://emedia.marketnews.com/marketnewsintl/ECPOF.png