ForexTrendline

EURCHF breakthrough!

Short
FX_IDC:EURCHF   Euro / Swiss Franc
We expect a 100 pips drop!

After more than 2 months of EURCHF moving in the range of 1.0725-1.0845, on Friday we saw a breakthrough.

Once the price breaks a range, we expect it to continue in the direction of the break. We currently see a test of 1.0725, and in case of repulsion we can make an entry.

This gives us additional confirmation and we can join from better levels.

We expect the price to continue to
1.0662 and 1.0607 as main support.

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