Hello Traders,
I hope you have a good week-end even if we're in a quarantine.
So, today i propose my view about the EUR/CHF.
Do you remember January 2015
and the crash of the EUR/CHF ?
Yes of course !
Guess what !?
We'll be back soon in 2015 !
EUR/CHF has been in a powerful Downtrend since October 2007.
But EUR/CHF has difficulties to break the 1.05000 price level.
Indeed, the battle is between the
area of 1.05000 & 1.10000.
Have a look at the past & you'll understand what happened at these levels and why this area is so important.
I won't speak about macro economic news or covid-19 crisis because to be honest with you actually the MARKET is irrational & doesn't care about these stuff.
And also because we don't need macro economic news or whatever things to see & understand what's happening on our chart !
Simple things are the best things for investing or trading !
So, Back on topic !
I really believe with what i'm watching on my chart now that before the end of this summer the EUR/CHF could reach the 1.0000 price level !
In fact, Price just stay on the VWAP (decade anchor period) so it means
that it's difficult to enter in a position now but don't forget that the main trend is bearish.
I'm waiting for a powerful break under the VWAP to confirm my chart analysis but i'm really optimistic about that no doubt !
Don't worry even if the market looks like nothing !
The best soups are made in old pots haha !
Ok, So it's all for this chart analysis.
I really hope you'll like it !
Please, don't forget to support me by a following & a like !
Thanks & see you !
I hope you have a good week-end even if we're in a quarantine.
So, today i propose my view about the EUR/CHF.
Do you remember January 2015
and the crash of the EUR/CHF ?
Yes of course !
Guess what !?
We'll be back soon in 2015 !
EUR/CHF has been in a powerful Downtrend since October 2007.
But EUR/CHF has difficulties to break the 1.05000 price level.
Indeed, the battle is between the
area of 1.05000 & 1.10000.
Have a look at the past & you'll understand what happened at these levels and why this area is so important.
I won't speak about macro economic news or covid-19 crisis because to be honest with you actually the MARKET is irrational & doesn't care about these stuff.
And also because we don't need macro economic news or whatever things to see & understand what's happening on our chart !
Simple things are the best things for investing or trading !
So, Back on topic !
I really believe with what i'm watching on my chart now that before the end of this summer the EUR/CHF could reach the 1.0000 price level !
In fact, Price just stay on the VWAP (decade anchor period) so it means
that it's difficult to enter in a position now but don't forget that the main trend is bearish.
I'm waiting for a powerful break under the VWAP to confirm my chart analysis but i'm really optimistic about that no doubt !
Don't worry even if the market looks like nothing !
The best soups are made in old pots haha !
Ok, So it's all for this chart analysis.
I really hope you'll like it !
Please, don't forget to support me by a following & a like !
Thanks & see you !