EUR/CHF is Bearish Below 1.1050

Dear Traders,

The EUR/CHF has reached the bearish trend line confluence and the price is overbought with ecs.Oscillator so we might see a drop.

1.1035-55 is the zone where the price should reject if it still wants to remain bearish. 1.1062 held the price from going up, and we could see a rejection — trend line with ecs. Oscillator dot show rejections so pay attention to 1.1022 as the first target. 1.1008 and 1.0994 are next if the trend holds. Only above 1.1080 we might see a deeper correction in the pair that might jeopardise the bearish trend.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.