Eurchfsell
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.06262 where it could potentially react off and up to 1st resistance at 1.06607.
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EURCHF Market Outlook | Daily Forex Market BreakdownEURCHF
Looking very good I believe we could be seeing a very since swing trade developing. We need to be very patient. Pushing a bit lower but looking like we might be slowing down soon. We need to wait and see if we can keep pushing lower or if the bulls are going to take control.
EURCHF ShortHi Traders,
The market has broken the structure and it has on retesting the broken support turning resistance, moreover, the pair is on downtrend and it should be fine to sell this from this level; bear in mind that it's on the last days of the year, maybe trend is changing and this could be a fake breakout and it is an indication that the market finished its downtrend; if this breakout works and goes downtrend then this analysis is valid, if not and the market closes above the resistance, we may cancel the trade and open a long position.
Here is the setup:
EURCHF Sell at 1.08631
Stop Loss at 1.09076
Target Profit at 1.09076
Good Luck and Happy New Year everybody!
EURCHF potential reversal!
EURCHF expected to rise up to 1st resistance at 1.09128 where it could potentially react off and drop down to 1st support at 1.08651.
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