ANALYSIS ON EURCHF
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the EURCHFpair.
- Price above 200 day EMA.
- look for sell opportunities.
- Expecting more downward momentum.
- Watch 1.09406 for take profit.
- MACD showing bearish divergence
Stay Tuned
EURCHF bounced off 1.09762 where it could potentially rise further to 1.10042.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hi guys, this an update on the analysis I sent last week. Initially I thought we'll get an impulsive move to the downside but it just kept pushing up.So i still think we'll get an impulsive move but as part of a correction and we'll see continuation to the upside. So watch for the breakout.
Thanks and trade with care.
Go see initial setup in related ideas.
