theforexportal
Short

Far enough for EURCHF

FX:EURCHF   Euro / Swiss Franc
EURCHF has benefited from the surprise talk of a future ECB rate hike and has moved higher impressively on Friday.
Studies are now seriously overbought and with EURCHF at resistance its unlikely there's much left for EUR BULLS here. As can be seen, price is now meeting the 200 sma and this will prove a formidable barrier.

Trade idea
SHORT this pair on open. STOP above the high at 1.08.
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