EurChf- resume to the down trend?
EurChf is in a clear downtrend for more than a year and a half. In this period it declined by more than 1000 pips. Recently found support around 1.0850 area, formed a double bottom and started to rise. The neckline of the pattern was broke but the pair couldn't sustain the break and reverse. A false break could be in place now and the pair could fall to 1.0850 area again.
A move back above 1.1060 area negates this scenario.
Our preferences:
Sell at 1.0990 area
SL @ 1.1070
TP @ 1.0850
A move back above 1.1060 area negates this scenario.
Our preferences:
Sell at 1.0990 area
SL @ 1.1070
TP @ 1.0850
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