Results 1 to 5 of 5
  1. #1
    Specialist Member RCox's Avatar

    Another Potential Range Break Forming in EUR/CHF !!!

    Another Potential Range Break Forming in EUR/CHF

    We are seeing another potential range break forming in the EUR/CHF, as we did see prices twice test and hold at 1.22. If we see a breakout of this higher range (which is also a 50% Fib level), the next short term target becomes the 61.8% Fib resistance as there is a confluence here with the 200 period EMA on the hourlies. Prices are not as cheap here as previously, so time frames for CALL options will need to be extended (after the break of 1.2225). Dailies would be the minimum, longer than this is also acceptable. Longer term risk for this pair comes if we see a break of 1.30 in the EUR/USD.

    Click image for larger version. 

Name:	122.jpg 
Views:	4 
Size:	16.3 KB 
ID:	153

  2. #2
    Specialist Member RCox's Avatar
    Trade is moving as expected after the break, and we are now approaching resistance at the 61.8%. Good time to exit positions if not done already.

    Click image for larger version. 

Name:	122.jpg 
Views:	3 
Size:	17.2 KB 
ID:	154

  3. #3
    Moderator Kolyo's Avatar
    Great idea and timing RCox! EUR/CHF is always tough to predict but if you are patient there are some good opportunities in this pair. I still remember the big upside movement at the beginning of the January. It was almost sure that it will happen, but after such a long period of time waiting for it finally I miss it

  4. #4
    Veteran Member's Avatar
    yes... it is because there is pressure on Euro...against the U.S dollar.... and USD is rising against CHF..... so basically... EURO and CHF both ahve bearish bias... that is why range is beating up the traders who are trading this pair...

  5. #5
    Specialist Member marvel's Avatar
    EUR/CHF has formed a top near 1.2390 and last three trading days is going south. I think we will not see any rise in this pair till the Euro stop its decline vs US dollar.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts