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Forexintelligence_NA
May 31, 2022 12:28 PM

EURCHF| Bearish outlook! Short

Euro Fx/Swiss FrancFXCM

Description

Hello everyone,

I will be looking for short opportunity on EURCHF. The pair is more likely to continue its decline seeing that it's printing a bearish continuation pattern on lower timeframe.

On a weekly timeframe we can tell that it has recently broken a very significant structure level after it has completed a larger timeframe head and shoulders pattern.


I will consider paying close attention to further developments for sell opportunities once the bearish continuation pattern gets violated to the bottom. I will have short term targets of 1.01140, 0.99857 and overall target of 0.97445.

I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to ask in the comment section below.

Big Love❤️
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