EURCHF short view

On the weekly time frame, we see that the pair, after touching the moving average of the EMA200 to 1.11500, is a real pullback to the current 1.10150 testing the MA200. Based on previous candlesticks, we could expect a further decline of this pair to better support. At this time frame target is, we can be 1,09150 previous lower high. Looking at the MACD indicator, we see that the blue line slows down and makes a turn towards the middle of the indicator directing us towards the red zone, confirming this beginning of the bearish trend.