Mountains and Cheese,
Cheese-Mountains! The EUR/CHF is currently trading in our yellow target area. We expect a trend reversal to happen soon. This expectation is valid as long as we don’t cross below the 1.09441 CHF. Below this support, the bears are in charge, and we have to deal with further downside potential. Primary expectation are quotes at around 1.13500 CHF to complete the impulsive wave iii depicted in blue. Stops for Long trades can be placed below 1.09250 CHF.
What do you think? Cheers.
Cheese-Mountains! The EUR/CHF is currently trading in our yellow target area. We expect a trend reversal to happen soon. This expectation is valid as long as we don’t cross below the 1.09441 CHF. Below this support, the bears are in charge, and we have to deal with further downside potential. Primary expectation are quotes at around 1.13500 CHF to complete the impulsive wave iii depicted in blue. Stops for Long trades can be placed below 1.09250 CHF.
What do you think? Cheers.