Trendline abstraction (as always its called abstraction, since the use of it is very subjective) clearly broken down.
The uptrend which happened since last year (June 2017) until April 2018 was no longer make higher low as clearly seen in chart.
Price was swinging down, started in May 2018, broken down the 1.650 (demand area) also 1.450 (support area).
Such high volumes hopefully happened in situation like the economy upset across European banks and institutions, for the satisfaction of Swiss Franc value against its all European Country members.
Despite of trying to go to the tops again, there is any indication that price hit the barrier (middle area) between last High and Lows, and shows us demand is still in Swiss Franc favor.
Hold Sell
While carefully watch the price action for the next 2 weeks
The uptrend which happened since last year (June 2017) until April 2018 was no longer make higher low as clearly seen in chart.
Price was swinging down, started in May 2018, broken down the 1.650 (demand area) also 1.450 (support area).
Such high volumes hopefully happened in situation like the economy upset across European banks and institutions, for the satisfaction of Swiss Franc value against its all European Country members.
Despite of trying to go to the tops again, there is any indication that price hit the barrier (middle area) between last High and Lows, and shows us demand is still in Swiss Franc favor.
Hold Sell
While carefully watch the price action for the next 2 weeks
