EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
USD/CHF: a pin bar scared sellers
Recommendation:
SELL 0.9685
SL 0.9740
TP1 0.9585 TP2 0.9525 TP3 0.9380
On the daily chart, USD/CHF broke below the lower border of the uptrend channel and the triangle with the following triggering of the “Bat”. This launched the attack of bears. Bulls managed to stop it thanks to a pin bar and the upper trade channel. The decline will continue only if USD/CHF gets below September low.
On H1, only if USD/CHF returns to the middle of the previous consolidation range, bulls will be able to break the downtrend. In this case, they will trigger “Shakeout-Fakeout” pattern.
Ivan Karamazov
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
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