Get started

Eurchfanalysis

Bearish continuation EURCHF for the week of 28 Mar 2022 This pair has been bearish for a whole year now and I don’t see any reason for this to change soon. As the daily chart shows, price broke below a major support (1.0325) and I am looking for a pullback to this area and the bearish PA to resume. If this happens, we can have a nice 2.8R trade down to the next support in the 1.001 area. A word of caution though – we cannot rule out the possibility of a trend reversal in progress. Wait for bearish evidence before committing to a trade. Also bear in mind the Russia/Ukraine crisis and the possibility of sudden spikes in case of any major events in that arena. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
EURCHFHello Traders! Price of EURCHF is currently on a descending trendline and and strong resistance area. If the structure is able to hold the price which then could form a bearish double top, we can think of selling the pair. If resistance is broken, then we can wait for the retest and open long position of the pair. in either way, I am looking the movement of this pair to make decision of weather to buy it on its break of the resistance or to sell it if price holds the structure. What do you think Euro Swiss Franc could do after this?
Long
by sirkamal
1