EURCHF Sell opportunity near the top of the Channel Down.

2 Kas 2023

More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target:

The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850.

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