EURCHF EURCHF has an overall bearish sentiment. The price reversal has created a shooting star on both the 4 Hour and daily timeframes. Price is on the fourth wave retracing back towards the swap zone, we can wait for price reaction when it taps into the impulse zone and look for another reversal signal before hopping onto sells. For the first target, we can look for sells back to the H4 support zone, if price breaks below the H4 support zone, we can then target to the strong daily support and swap zone below at 0.93033.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.