EURCHF - How much further to fall?

PAIR IN FOCUS: EURCHF
ACTION: SHORT
HORIZON: MEDIUM-TERM

Price has melted since the end of last year, and we could see the bearish momentum continue until a critical support area. A break upwards from the descending trend line will be the trigger to consider this SHORT set-up.

Looking for a retracement, retest and rejection off the Entry Zone, providing a better R:R for this set-up. Watch for bearish price action in the EZ before any short entry. This set-up may take some time to play out.

Should price rocket through the EZ, this set-up will be invalid.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

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