EURCHF Sell a break setup.
EURCHF - Intraday - We look to Sell a break of 0.9629 (stop at 0.9651)
Broken out of the channel formation to the downside.
A break of bespoke support at 0.9630, and the move lower is already underway.
We look for losses to be extended today.
The bearish engulfing candle on the daily chart is negative for sentiment.
Our profit targets will be 0.9577 and 0.9567
Resistance: 0.9650 / 0.9680 / 0.9700
Support: 0.9630 / 0.9600 / 0.9580
Broken out of the channel formation to the downside.
A break of bespoke support at 0.9630, and the move lower is already underway.
We look for losses to be extended today.
The bearish engulfing candle on the daily chart is negative for sentiment.
Our profit targets will be 0.9577 and 0.9567
Resistance: 0.9650 / 0.9680 / 0.9700
Support: 0.9630 / 0.9600 / 0.9580
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