EURCHF - We Look to Sell at 1.0990

EURCHF - We Look to Sell at 1.0990

8 June 2016, 08:48
Roberto Jacobs
0
13

EURCHF - We look to Sell at 1.0990 (stop at 1.1010)

EURCHF - Broken out of the channel formation to the downside. The formation has a measured move target of 1.0915. Daily/Weekly Ichimoku Cloud support is seen at 1.0956. The 161.8% Fibonacci extension is located at 1.0958 from 1.1128 to 1.1023. Risk/Reward would be poor to call a sell from current levels.

Yesterday's Marabuzo is located at 1.0992. Bespoke resistance is located at 1.0003. Preferred trade is to sell into rallies. Our profit targets will be 1.0955 and 1.0950.


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