Euro / Swiss FrancShort
EURCHF - Down Trend Continues towards Demand
EURCHF is in a long term downtrend.
We have seen a recent rally from .9300 rejected of the Supply Zone at .9580.
The market structure is contained , with the prior swing high intact.
Price is now moving back towards the Demand Zone , within a defined Channel.
The near term outlook is biased bearish , and opportunities sought to go short off trendline resistance.
We have seen a recent rally from .9300 rejected of the Supply Zone at .9580.
The market structure is contained , with the prior swing high intact.
Price is now moving back towards the Demand Zone , within a defined Channel.
The near term outlook is biased bearish , and opportunities sought to go short off trendline resistance.
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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.