EURCHF getting into a corner: days of decision?
EUR/CHF has done quite some retracement from the lows below 1.05 in spring. Now, struggling just below important 1.09 mark. A break of latter would open path to at least 1.1020 or 1.1160, but I would doubt this, considering the tweezer top of the past two weeks.
Shorting the pair with a stop above 1.0910, short-term target in the low 1.06s appears to make sense.
Ah, right, and the RSI doesn't happen to be in bull market territory as well. Sell.
Shorting the pair with a stop above 1.0910, short-term target in the low 1.06s appears to make sense.
Ah, right, and the RSI doesn't happen to be in bull market territory as well. Sell.
Nota
EUR/CHF moved up against my expectation. Interesting to note how the RSI struggles to even come close to 70 (sign of bear market). I think we'll see 1.08 again sooner than some think (sentiment also very CHF-negative).
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.