PardoFX_Trading

ECHF Hints at rare EUR upside

FX:EURCHF   Euro / Swiss Franc
ECHF is the epitomy of reversal resistance. it looks as if, even in the face of general EUR downside, it will maintain its bullish strength despite breaking its 4HR trend line. Oscillators seem neutral as EURCHF pushes out of its downward trend-line after once again teasing the 100 SMMA. Lets see if it can get past this supply zone because a sell here could trigger a 500 pip drop similar to EURGBP & EURJPY.

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