Nice idea on EURCHF and there may be bearish bias as you have you have identified. For our set up, we have identified the key resistance and support levels for the short term. The first resistance that we have identified is at 1.1305 resistance (100% Fibonacci extension , 38.2% & 61.8% Fibonacci retracement , horizontal overlap resistance). Stochastic is approaching its resistance at 98% where a corresponding reversal could occur. If a reversal does occur, we may look at the 1.1248 support (61.8% Fibonacci extension , 76.4% Fibonacci retracement).
Please have a look at our idea and share with us what you think.
Please have a look at our idea and share with us what you think.