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ForecastCity
Jan 27, 2021 1:07 PM

💡 Don't miss the great sell opportunity in EURCHF Short

Euro Fx/Swiss FrancFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0783). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.

Take Profits:
TP1= @ 1.0748
TP2= @ 1.0727
TP3= @ 1.0697
TP4= @ 1.0659
TP5= @ 1.0600
TP6= @ 1.0505

SL: Break Above R2

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Comments
DenizKilicDeniz
Super perfect analysis. 👍
ForecastCity
@DenizKilicDeniz, Thank you for your comment. We appreciate it 🌹
Mehmetozdemi
Appreciate your help.
ForecastCity
@Mehmetozdemi, We're happy to help!🌹
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