EUR/CHF: the final target

EUR/CHF: the final target

Trade ideas

SELL 1.1220; TP 1.1160; SL 1.1240

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished and the pair may slide to even lower levels. Such a scenario is plausible given the European Parliamentary election that is taking place this week and the high probability that the eurosceptics will strengthen their position.

The target levels for selling EUR/CHF are in the 1.1160 area (support line connecting 2018 and 2019 lows; March low; 200-week MA). The fall will be likely as long as the pair is below 78.6% Fibo retracement of March-April advance at 1.1230.

EURCHF w.png

Similar

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

EUR/CAD is ready for a move

EUR/CAD has formed a couple of higher lows since October. The pair has managed to overcome the 50- and the 100-day MAs at 1.4588 and 1.4640 respectively.

Latest news

GBP/CAD is insatiable

GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.

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