From the beginning of this week there was an impulse on EURCHF from 1.02500 to 1.01500 breaking support at 1.02000 on the daily TF. On the retest of the support now turn resistance price can be seen rejecting the structure which is in confluence with the 61.8% of the fib pulled on the impulse. Further confluence for a bearish bias is the formation of a double top on the 4hr TF. On the retest of the neckline of the pattern we can scale down to the smaller TF to look for entry with TP at 1.00500.
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