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analitykFX
Aug 28, 2016 9:54 AM

EURCHF - Important level Short

Euro Fx/Swiss FrancFXCM

Description

2 possibilites:

Bounce from trend line and downtrend will remain. So now is the best moment to open short positions with small stop loss (1.1155) .

If price overcome the resistance We can switch to long with 1.2000 target .

Comment

Price still stay below trend line - so we keep our positions
Comments
fdtbeijing
don't think EUR/CHF will fall to parity. The long time uptrend of Swiss Franc most likely come to an end, if you check USD/CHF, AUD/CHF, NZD/CHF ...all bottomed.
analitykFX
It doesn't mean anything that other all bottomed because there is always space to go lower :) and they are not 100% correlated ( for example USDCHF to EURCHF is only 17% right now).
Euro is weak if you look at fundamental analysis and it shouldn't change in the future.
But that's my view.
fdtbeijing
yes, EUR is weak, but trading around 1.05-1.15 for about a year, i think there's more likely it will strenghten.
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