EUR/CHF has done quite some retracement from the lows below 1.05 in spring. Now, struggling just below important 1.09 mark. A break of latter would open path to at least 1.1020 or 1.1160, but I would doubt this, considering the tweezer top of the past two weeks.
Shorting the pair with a stop above 1.0910, short-term target in the low 1.06s appears to make sense.
Ah, right, and the RSI doesn't happen to be in bull market territory as well. Sell.
Shorting the pair with a stop above 1.0910, short-term target in the low 1.06s appears to make sense.
Ah, right, and the RSI doesn't happen to be in bull market territory as well. Sell.
評論:
EUR/CHF moved up against my expectation. Interesting to note how the RSI struggles to even come close to 70 (sign of bear market). I think we'll see 1.08 again sooner than some think (sentiment also very CHF-negative).