Chart of the day $EURCHF

EURCHF is breaking the descending triangle

On the EURCHF daily chart, we can see that the pair is testing the descending triangle 1.12000 breakout level. This break if made on a daily close basis could lead to a further downside extension into the 1.1100 level. Now only a daily close above the 1.1200 level would invalidate the downside break.
Note: look for the short trade entries with the stop loss above the 1.1200 level 

EURCHF trading technical analysis

 

 

Telegram channel https://t.me/Trendtradingdna

TRY US FOR 14 DAYS

Sponsored by our recommended broker LMFX (US traders acceptable) Try our Managed accounts

Make the trade</

Scroll to Top
×