Why you should short EURCHF at 1.08

30 Kas 2016

The EURCHF found very good support at the 1.07 and has moved up 100 pips. It has now come to a level where the bears may come back into the picture. Here are the reasons to short:

1) 1.0800- 1.0810 has a good monthly resistance.
2) 1.08 is a round number.
3) There are not one but two patterns to short here.

I will wait for a trigger on the patterns to short this pair.

30 Kas 2016

Not

Bulls are still in control. No reason to short yet.

30 Kas 2016

Not

This pair is ready to be shorted. Will wait for the test of the 1.08 level again with a small pattern for a short opportunity.