theforexportal

EUR/CHF staring into the abyss

Short
FX:EURCHF   Euro / Swiss Franc
Over the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it to be short-lived.
Get these SELL STOPS placed when the markets open.

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