EURCHF 4HOUR 11/17/19
EURCHF SHORT IDEA
Overall EURCHF has been bearish on higher time-frames so we will continue to look for short opportunities at current price action
Current price action is near the 61.8% fib level but we will look for the 78.6% to be tested as major confluence is in this area: weekly resistance & prior broken structure
Upon significant bearish confirmation we will look to target toward the -27% daily fib and monthly support around 1.0850-1.08350
Overall EURCHF has been bearish on higher time-frames so we will continue to look for short opportunities at current price action
Current price action is near the 61.8% fib level but we will look for the 78.6% to be tested as major confluence is in this area: weekly resistance & prior broken structure
Upon significant bearish confirmation we will look to target toward the -27% daily fib and monthly support around 1.0850-1.08350
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.