EURCHF is breaking a resistance that is in the middle of a descending channel and is looking to touch the descending trendline.
In the other side, we have the RSI and the STOCH very overbought, but we think a retest of the previous resistance will clear the indicators for a clean breakout.
The break is a confirmation for a move to the 1.10300 area.
If the descending trendline doesn't hold, next stop is 1.10700.
If the break of the resistence is a fake break, we will probably see it range between 1.09300 and 1.1000
In the other side, we have the RSI and the STOCH very overbought, but we think a retest of the previous resistance will clear the indicators for a clean breakout.
The break is a confirmation for a move to the 1.10300 area.
If the descending trendline doesn't hold, next stop is 1.10700.
If the break of the resistence is a fake break, we will probably see it range between 1.09300 and 1.1000