the chart is showing that the pair has closed it's daily daily under the level of 1.1800 , and that's mean that the down trend is still standing and the pair might reach 1.1900 and then 1.1950
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the chart is showing that the pair has closed it's daily daily under the level of 1.1800 , and that's mean that the down trend is still standing and the pair might reach 1.1900 and then 1.1950
the pair and as we can see from the chart has closed it's daily candle under the level of 1.1900 , so , that's mean the down trend is still standing and the pair is heading to 1.1840 then 1.1800
If a M15 close above 1.1900 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1850 sell only and do not buy. If price closes back above it again do nothing
The range 1.1900 and 1.1850 is neutral area, any trade done in between is personal decision and not part of this analysis
The EURCHF is also moving sharply higher today – breaking above the trendline resistance at the 1.1781 level.
A triangle break good for +440 pips. How often do we see that?
Anyway there was a Pin bar on the h4 chart yesterday, signal to close the long positions and even reverse to short positions if you are an aggressive trader. above 1.1973 the bullish trend would resume so that's the stop loss for any short positions. No idea about TP, since there isn't a support very close to the current price.
the EUR/CHF continued to trade in a cautious manner and within a tight range awaiting the final outlook for the sentiment with the fed decision.
Market retreating from yesterday's high. Support is at 1.1735/1.1695. Below risks further weakness to the former congestion highs at 1.1557/19. Bulls need to clear 1.1931 to re-open the upside targeting 1.2030 next.
the pair and as we can see from the chart has closed it's daily candle under the level of 1.1900 , so , that's mean the down trend is still standing and the pair is heading to 1.1800 then 1.1770
EURCHF was expected bullish yesterday. The bias remains bullish targeting 1.2120 resistance area. Not much pressure is expected on the downside unless there is choppy fundamental trading, but over all we look upwards.
If a M15 close above 1.1850 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1900 sell only and do not buy. If price closes back above it again do nothing
The range 1.1900 and 1.1850 is neutral area, any trade done in between is personal decision and not part of this analysis