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EURCHF forming a bearish crab reversal, keep an eye on this idea

Por Tickmill
Corretora

EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.

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Chart PatternschfEUREURCHFeurchfbreakouteurchfforecasteurchflongeurchfselleurchfshorteurchfsignalHarmonic PatternsTrend Analysis
Tickmill
Corretora
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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