Eurchfshort
EURCHF Trading In Channel PatternEURCHF is trading in channel pattern, we might see some downside in EURCHF from the current price level and the target will be a support line for Channel pattern. On can trade on the short side with strict stop loss.
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EURCHF Trade For Short SIdeEURCHF is trading in channel pattern. Also, it is forming a descending triangle pattern within the channel pattern as the descending channel pattern suggests a downtrend may be continued. Our first target on the downside for eurchf, if it breaks on down-side it will be a channel pattern support line.
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EURCHF Trading in downside Channel Pattern.EURCHF seems to be unpredictable as I recommend to trade very cautiously. It is trading in a channel pattern, also now it is trading in the upper part of the channel. If it breaks out from the channel, we might see long term trends on the breakout side.
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EURCHF - 1W AnalysisAfter the support line has broken, the next support level to be tested is at 1.0300. Will the lowest price in January 2015 reoccur? Seeing the trend is certainly potential, but it cannot be predicted as early as now, seeing the distance that is still so far away, and the lines that need to be traversed.