EURCHF Short
Updated
Recent dovish tone of ECB President Draghi and last week's disappointing PMI continue to push EUR pairs down in general, while CHF will gain traction as long as equities remain bearish.
Continue shorting this pair but must watch for signs of reversal near 1.125 (prev. pd 100 fib level in hourly chart). Next TP is @1.12 (61.8 fib level both in weekly and daily charts, 100 fib level in hourly chart), with SL @1.13 (few pips above 0 fib level).
Daily:
Weekly:
Confidence: B (EUR pairs are already starting to be oversold, so much watch out for any signs of rally soon. Also need to close any EUR open positions before CPI news)
Continue shorting this pair but must watch for signs of reversal near 1.125 (prev. pd 100 fib level in hourly chart). Next TP is @1.12 (61.8 fib level both in weekly and daily charts, 100 fib level in hourly chart), with SL @1.13 (few pips above 0 fib level).
Daily:
Weekly:
Confidence: B (EUR pairs are already starting to be oversold, so much watch out for any signs of rally soon. Also need to close any EUR open positions before CPI news)
Trade closed: stop reached
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