EUR/CHF is still in trouble

2019-07-11 19:01    FBS

Trade idea

SELL 1.1105; TP 1.1065; SL 1.1120

It seems that EUR/CHF is having trouble with returning above 1.1150 (61.8% Fibo of the 2017-2018 advance; 50-month MA). In addition, this was a support area for many months that has recently turned into resistance. The pair made two attempts to overcome this obstacle, but both of them failed. The decline below 1.1105 will confirm a “double top” and open the way down to the previous lows in the 1.1060 area. Bulls will have a chance only once the euro returns above 1.1170.

EUR/CHF is still in trouble Institution Opinions

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