FX:EURCHF   Euro / Swiss Franc
EURCHF dropped yesterday failing below 1.13 ahead of SNB press conference. Price dropped to 1.1265 before rebounding back.
Price is again at the resistance channel, making it worth-while to sell.

We trading at support turns resistance channel

Sell signal for EURCHF

Date: 14 Dec 2018
Entry Price (Asia Market): 1.1291
SL: 1.1321
TP1: 1.1361
TP2: 1.1331

Breakeven: 25 pips
Trailing 25 pips

Algorithm system: TREND System Robot
Comment: TP1: 1.1261 (Correction above)
Low: 1.1231

Breakeven and trade safe if u are going for TP2 at 1.1231 or more!
Nice idea on EURCHF. We have the same bearish bias too. We have identified a resistance level at 1.1305 (slightly above your entry level) which is made up of 100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement. Should price reverse from that level, there is a chance of it going to support level at 1.1247, which is made up of 76.4% Fibonacci retracement and a horizontal swing low support.
Please take a look at our idea and let us know what you think!

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