Snehath
Short

Why you should short EURCHF at 1.08

FX:EURCHF   Euro Fx/Swiss Franc
The EURCHF             found very good support at the 1.07 and has moved up 100 pips. It has now come to a level where the bears may come back into the picture. Here are the reasons to short:

1) 1.0800- 1.0810 has a good monthly resistance.
2) 1.08 is a round number.
3) There are not one but two patterns to short here.

I will wait for a trigger on the patterns to short this pair.
Comment: Bulls are still in control. No reason to short yet.
Comment: This pair is ready to be shorted. Will wait for the test of the 1.08 level again with a small pattern for a short opportunity.
whats the target?
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Snehath jabes
@jabes, back down to 1.07
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