EURCHF: Broke support and this area should now act as resistance
Updated
EURCHF has broken the support zone. This support zone will show in a test whether it offers sufficient resistance to push the price lower. The best chance is to go with the trend and look for a possible sell option. In my opinion, the best option for this sell is in the orange area between 1.0735 and 1.0746.
* As a stop loss I use 1x ATR (indicator) above 1.07469.
The information is not an Financial Advice and I would recommend you not to rely blindly on my analysis. Always make your own analysis on which a buy or sell decision is based.
* As a stop loss I use 1x ATR (indicator) above 1.07469.
The information is not an Financial Advice and I would recommend you not to rely blindly on my analysis. Always make your own analysis on which a buy or sell decision is based.
Trade active
active @1.0789sl @1.07605
Trade closed manually
Due to the lack of an impulsive move down I just closed this position.Note
I now see that I have passed the wrong price as a trade active. This was 1.0729 instead of 1.0789. Conclusion is that this trade has been written off with a marginal profit.
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