EURCHF Sell the flag.
Updated
EURCHF - Intraday - We look to Sell a break of 1.0919 (stop at 1.0929)
Broken out of the channel formation to the downside.
Daily signals are mildly bearish.
Trading volume is increasing.
The previous swing low is located at 1.0921.
A break of bespoke support at 1.0920, and the move lower is already underway.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 1.0889 and 1.0879
Resistance: 1.0945 / 1.0950 / 1.0970
Support: 1.0933 / 1.0920 / 1.0900
Broken out of the channel formation to the downside.
Daily signals are mildly bearish.
Trading volume is increasing.
The previous swing low is located at 1.0921.
A break of bespoke support at 1.0920, and the move lower is already underway.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 1.0889 and 1.0879
Resistance: 1.0945 / 1.0950 / 1.0970
Support: 1.0933 / 1.0920 / 1.0900
Trade closed: target reached
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