EURCHF Short

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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:
syot kilat

Weekly:
syot kilat

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)
Dagangan ditutup: hentian tercapai
Bearish PatternsBeyond Technical AnalysisChart PatternschfEUREURCHFeurchfsellSELLshorttrendTrend Analysis

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