EUR/CHF just broke the weekly trendline it has followed since the beginning of 2015. I will be waiting for a retest of this trendline before I enter a sell trade. Make sure you also check fundamentals before entering any trade.
Great idea on EURCHF, glad that we have the same bearish view. For our set up, we have identified key resistance and support levels. Price is approaching resistance at 1.1305, which is made up of two 100% Fibonacci extensions, 38.2% and 61.8% Fibonacci retracement. Should price react off this level, it might potentially go down to the major support level at 143.59, which is made up of a 100%Fibonacci extension , 76.4% Fibonacci retracement and a horizontal swing low support. Please take a look at our idea and let us know what you think.