EUR/CHF short opportunity
Updated
Technical Analysis: Bias Bearish
- The pair has broken below 110-EMA at 1.1741
- Momentum studies bearish, Stochs in oversold territory
- MACD supports bias lower
- -ve DMI dominance, ADX at 44 and rising
- price action has dipped into daily cloud
Support levels - 1.17, 1.1678 (23.6% Fib), 1.1643 (200-DMA)
Resistance levels - 1.1741 (110-EMA), 1.1788 (5-DMA), 1.18
Good to stay short on rallies around 1.1730/40, SL: 1.1790, TP: 1.1680/ 1.1645/ 1.16
- The pair has broken below 110-EMA at 1.1741
- Momentum studies bearish, Stochs in oversold territory
- MACD supports bias lower
- -ve DMI dominance, ADX at 44 and rising
- price action has dipped into daily cloud
Support levels - 1.17, 1.1678 (23.6% Fib), 1.1643 (200-DMA)
Resistance levels - 1.1741 (110-EMA), 1.1788 (5-DMA), 1.18
Good to stay short on rallies around 1.1730/40, SL: 1.1790, TP: 1.1680/ 1.1645/ 1.16
Comment
All targets hit
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