2018 Macro Outlook - EURCHF Bearish Bias

FX:EURCHF   Euro / Schweizer Franken
We have a rather bullish meeting minutes from the European Central Bank (ECB) last week, but as long as ECB maintains its easing policies, upside on the Euro may be limited.

Combining with the technical aspects on the chart, we are seeing an ending diagonal structure forming, with a divergence on RSI as well.

Adding on, we do see price hit the minimum expected areas based on fibonacci extension between 100% - 123.6% too.

These reasons provided me the conviction in looking for a longer term trade to the downside on this pair.

I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea.

Have a great trading year ahead!
Similar setup on GBPCHF

great analysis, and love this idea
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden