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 .
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Price still stay below trend line - so we keep our positions
Comments
fdtbeijing
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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
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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
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yes, EUR is weak, but trading around 1.05-1.15 for about a year, i think there's more likely it will strenghten.