The EURCHF found very good support at the 1.07 and has moved up 100 pips. It has now come to a level where the bears may come back into the picture. Here are the reasons to short:
1) 1.0800- 1.0810 has a good monthly resistance. 2) 1.08 is a round number. 3) There are not one but two patterns to short here.
I will wait for a trigger on the patterns to short this pair.
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Bulls are still in control. No reason to short yet.
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This pair is ready to be shorted. Will wait for the test of the 1.08 level again with a small pattern for a short opportunity.