EUR/CHF continues to fall on Monday, but stopped dead in it's tracks at the 1.10 level for a second day in a row. Perhaps the Swiss National Bank is subtly trying to influence the markets at this point? Or is it that the 50% Fibonacci retrace is at this level? Either way, it has our interest at this point.
EUR/NZD look as if the move to 1.7000 is complete after triggering longs on a break of the Friday hammer to the upside. The pair is in a massive downtrend, and any weakness in the 1.7000 area gets us very short of this pair at this time.
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