EUR/CHF: it’s hard for the euro

EUR/CHF: it’s hard for the euro

Trade idea

SELL 1.1390; TP1 1.1360; TP2 1.1310; SL 1.1405

EUR/CHF met resistance at the 50-week MA around 1.14. The Moving Average has recently formed a “dead cross” with the 100-week MA. Given the fact that EUR/CHF is overbought on lower timeframes, it will likely turn down towards the middle of the trading range which has been in place since August.

EURCHF 18.png

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