We can acknowledge a support area tested twice, followed by a breakout after a strong consolidation in-between @1.12500 and @1.11500. Odds of a bear continuation remain high.
Possible targets: @1.10000 (+60pips) and @1.09000 (+170pips).
Advice: Stay bearish and sell at any highpoint while we don't break upward the support zone or 1.11500 top level.
Possible targets: @1.10000 (+60pips) and @1.09000 (+170pips).
Advice: Stay bearish and sell at any highpoint while we don't break upward the support zone or 1.11500 top level.
Note
For the 3rd consecutive days, EURCHF is ranging. Volatility chances are increasing.Note
The pair is settling back around the previous support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.