as we can see from the chart has success in breaking the level of 1.1600 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1.1530 then 1.1500
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as we can see from the chart has success in breaking the level of 1.1600 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1.1530 then 1.1500
look for an acceleration of gains back towards the 1.2000 area over the coming days with setbacks expected to be well supported above 1.0800 on a daily close basis.
we can notice from the chart that the pair has closed it's daily candle under 1.1600 , that's mean the down trend is expected and the pair might head to 1.1570 then 1.1540 , however the pair made a hourly correction
This is time and warning strong alert Buy signal. Already down 600 pairs . So hope it will move up again . Buy is the correct decision. Thanks
If a M15 close above 1.1300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1150sell only and do not buy. If price closes back above it again do nothing
The range 1.1300 and 1.1150 is neutral area, any trade done in between is personal decision and not part of this analysis
the market sentiment fragile and focused on the U.S. economy and the jobs report with the lack of data as the sentiment will shape trading and growing signs of slowdown and will intensify risk aversion and keep the odds as we expect biased with the Swiss Franc.
If a M15 close above 1.1200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1050sell only and do not buy. If price closes back above it again do nothing
The range 1.1200 and 1.1050 is neutral area, any trade done in between is personal decision and not part of this analysis
EURCHF fell from 1.1550 to below 1.1300 at the time of writing. Support lies at 1.1195 - 21- day moving average, ahead of 1.1150 - 100-hour moving average and then 1.1050.
Although the single currency rose again to as high as 1.1971 earlier this week, the subsequent retreat from there suggests the reversal from 1.0075 has possibly formed a temporary top there and consolidation with mild downside bias is seen
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.