Chart of the Day EURCHF

EURCHF testing an important resistance

 

EURCHF is testing an important resistance 1.0660 for a breakout lower to end 5 waves down. A daily close above 1.0900 is required for the upside continuation. A break below 1.0660 will be valid for a high probability of short entry. If we get a breakout here we could see an extension much lower targeting 1.0200-1.03000 zone medium to long-term.

 

Note – Look for the short trade entries with the stop loss above 1.0700 upon a break below 1.0660

 

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EURCHF chart of the Day

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