Today's huge equity rally changes the weekly candlestick to a Long Legged Doji and threatens the downward channel. Still looking for a close below 112 to confirm the next leg down has started. Fibo extension still marks 110 as the next target.
Great idea on eurchf, glad that we have the same bearish view. Please take a look at our ideas and let us know what you think!
SeaLionLLC
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@FXCM-EDU, 1.1350 is a level that concerns me as a longer-term trader holding short. As long as price stays below 1.1350 short opportunities should continue. Great chart!