Mountains and Cheese,
Cheese-Mountains! The EUR/CHF is currently trading in our yellow target area. We expect a trend reversal to happen soon. This expectation is valid as long as we don’t cross below the 1.09441 CHF. Below this support, the bears are in charge, and we have to deal with further downside potential. Primary expectation are quotes at around 1.13500 CHF to complete the impulsive wave iii depicted in blue. Stops for Long trades can be placed below 1.09250 CHF.
What do you think? Cheers.
Cheese-Mountains! The EUR/CHF is currently trading in our yellow target area. We expect a trend reversal to happen soon. This expectation is valid as long as we don’t cross below the 1.09441 CHF. Below this support, the bears are in charge, and we have to deal with further downside potential. Primary expectation are quotes at around 1.13500 CHF to complete the impulsive wave iii depicted in blue. Stops for Long trades can be placed below 1.09250 CHF.
What do you think? Cheers.
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.