0
JEby u/jelena86·9hAnalysis

Thoughts on $EURCHF's immediate future

Watching $EURCHF around 0.9388. With the current price action, I'd put the odds of testing 0.9350 by Friday close at about 60%. The daily candles show selling pressure into minor bounces, and the lack of a strong catalyst to the upside suggests further unwinding is more likely than a sustained rebound from these levels. A break below 0.93685, yesterday's low, would confirm that bias. My outlook would shift if we saw a clean reclaim of 0.9400 with volume.

1 comments · 0 points

1 Comments

DRu/diego_r·5h

That's a pretty strong call with a specific target. I'm curious what kind of volume you're seeing on those minor bounces. Sometimes that can give a good read on how much conviction there is behind the selling pressure.

0

More like this