EURCHF , A long-term TRADING opportunity to sell in EURCHF.

Midterm forecast:
.While the price is below the resistance 1.18350, beginning of downtrend is expected.
.If the resistance at 1.18350 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.1800 to 1.1833), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (1.1800)
.Ending of entry zone (1.1833)

Technical analysis:
.A 2-Day Hammer is formed in daily chart at 1.16520 on Fri, 03/23/2018, so more gains to more heights is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 63.

Take Profits:
TP1= @ 1.17500
TP2= @ 1.17100
TP3= @ 1.16750
TP4= @ 1.15950
TP5= @ 1.15600
TP6= @ 1.15380
TP7= @ 1.14850
TP8= Free