Curreny
EUR-CHF Local Short From The Falling Resistance! Sell!
Hello,Traders!
EUR-CHF went up again to
Retest the falling resistance
Line and while this line is
Not that solid I still think
Since the line is not broken
We might see a bearish
Pullback from the level
Towards the target area
Of around the 0.9944
Sell!
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EURGBP SHORTCurrently looking to short the EURGBP as a intraday trade so I wont bein position for longer than a few hours.
My reason for wanting to short this pair is simply we have hit a decent resistance which we have retraced from but we are currently hold at a price which has held as support. We are also failing to make new higher highs so this is a small indiciation that we may be looking to change direction in the market.
Break below 0.7634 and I will look to go short.
CAUTION...fireworks a headIt's a race to the bottom on the EURO. Draghi is pretty for his spin talk...we are on the side lines until Uncle Draghi is done speaking. He likes surprises and since we don't we will wait. If you are in a Euro trade lock in gains and place stops.