forextrader1088
Short

SHORT, CORRELATION TO EUR/USD POTENTIONAL BUY

FX:USDCHF   U.S. Dollar / Swiss Franc
46 0 2

Please check my other post as that adds confluence for this! - EUR/USD            

This trade is purely technical analysis and not taking fundamentals into considering just simply showing some TA.
As USD/CHF             has correlation to EUR/USD             , EUR/USD             is currently at the time (where using purely TA) it is coming to a reversal area, (reversing to potentially bullish ) at first thought you'd then expect a turn on this pair to bearish , on the monthly chart it is coming to an area where has been used as support/resistance before, also fibonacci retracement level of 61.8% is within the area of potential resistance, The stoch is also showing this pair as very over-brought, also on EUR/USD             monthly it is very over sold.
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