There has been a good bearish reversal in play from the previous resistance level of 1.21325 and is looking to complete the fib retracement
The bearish trend here has been exhausted and the consolidation forming seems to be for a bullish reversal
GBPUSD has been moving bullish this week and seems to be slowing down before London opens. I'm looking for the reaction to the flag forming
EURUSD has been rising against the regular fib and is between the golden zone. The red kill-zone is looking for a confirmation on the continuation of the bullish trend, and a break below will signal the reversal.
So EURCHF has entered the last trend extension phase, and is slowing down into a sell reversal.