EUR/USD :Economists have recently downgraded their forecasts for Eurozone, this led a consistent loss of the Euro against the US Dollar and other currencies. The main downtrend is still intact, however from the risk/reward perspective it is not convenient to enter on the market immediately, we wait for a retrace to find a good price to place a sell order.

USD/CHF: we could apply for this pair the same consideration we have already made for the EUR/USD. We'll stand aside and will wait for a decent retrace before considering to enter a buy order.

EUR/GBP: The pair is in range mode from last week, anyway the main downtrend is still intact and the price is approaching the upper resistance, from technical point of view we could consider to place a limit sell order around 0.702 with initial target 0.6985 and stoploss at 0.7035.
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