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Signal_Centre
May 14, 2020 7:11 AM

EURCHF - Selling rallies within the triangle Short

Euro Fx/Swiss FrancFXCM

Description

[Sell Limit] EURCHF is Bearish - We look to Sell at 1.0522

▪️ Price continues to trade within the triangle formation.
▪️ The continuation pattern should target levels between 1.0485 & 1.0500.
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.0522, which will confirm the bearish sentiment.
▪️ Expect trading to remain mixed and volatile.

Stop: 1.0533
Target1: 1.0485
Target2: 1.0475
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