OANDA:EURCHF   Euro / Swiss Franc
as we can see here on the EUR/CHF chart that the market has been trending with a downward trend for a while now. with regular retracements and patterns to then have moves creating lower highs an lower lows. the current market state we can see that the market has had a retracement at a previously broken support area and has now used it as a resistance area . with also creating a strong double top on the 0.382 fib level, showing a strong market rejection to hopefully see the momentum of the market to move lower. due to these market conditions, we are looking for the market to reach new and lower important levels where we can see how the market will react, and if we can follow the trend to lower areas.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out