On this chart we see price has retested a bearish trendline on the weekly chart several times
I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower
We will wait for support to be broken and the trendline to be retested before entry
We will be selling to the second support level which is marked...
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...
Candles have climbed into the bollinger bands, bands tightening, waiting for the PSARs to flip over, TP set at 50ma on the daily chart,
price is coming up on a resistance level and sound then begin the reversal,
any feedback is always great
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a...