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Eurchfshort

EURCHF approaching resistance, potential drop! EURCHF is testing our first resistance at 1.1600 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1540 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (34) is also seeing a bearish exit and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.15436 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1636 (horizontal swing high resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
1
EURCHF Bearish Corrective Structure Break With Big TargetThere is a big down trend on EURCHF larger time frame and we are currently watching the formation of this corrective structure before the break for more downside. Two options exist here. The break could happen now or alternatively we will see the formation of a 5th wave before the break. I will be watching smaller time frames for direction and entry triggers. Contact me via direct message for any assistance required Happy trading! Linton
Short
by Linton_White
1
EURCHF approaching support, watch for potential bounce!Price is approaching our first support at 1.1602 (horizontal overlap support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension, long term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 1.1766 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
EURGBP Testing Resistance, Prepare For A Reversal!Sell below 0.8963. Stop loss 0.9010. Take profit at 0.8881. Reason for the trading strategy (technically): EURGBP is testing its resistance at 0.8963 (100% Fibonacci extension, 78.6% & 50% Fibonacci retracement, horizontal swing high resistance) where a reversal is expected, causing price to fall to its support at 0.8881 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Short
by theforexarmy
EURCHF Testing Resistance, Prepare For A Reversal!Sell below 1.1710. Stop loss 1.1775. Take profit at 1.1601. Reason for the trading strategy (technically): EURCHF is testing its resistance at 1.1710 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could react off, causing it to fall to its support at 1.1601 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reaction could occur.
Short
by theforexarmy
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1657 (horizontal swing high resistance, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.1591 (horizontal pullback support, 38.2% Fibonacci retracement, short term ascending support line). RSI (89) is also seeing a bearish exit where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
EURCHF Approaching Resistance, Prepare For Reversal!Sell below 1.1658. Stop loss at 1.1714. Take profit at 1.1590. Reason for the trading strategy (technically): EURCHF is approaching its resistance at 1.1658 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 1.1590 (23.6% & 38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
Short
by theforexarmy
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1511 (horizontal swing low support, 50% fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 1.1582 (horizontal swing pullback resistance, 50% fibonacci retracement, 100%, 61.8% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
EURCHF approaching support, potential bounce! EURCHF is approaching our first support at 1.1581 (horizontal overlap support, 23.6%, 38.2%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 1.1658 (horizonal swing high resistance, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our support where a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill