EURCHF Daily Analysis 2/23/20
Eurchf Short Idea
All significant timeframes have been very bearish as that seems to be the case with most eurxxx pairs.
Because this is such a steep trend and price action has just been falling we have limited options.
Price action could keep this bearish momentum and continue falling into our monthly support level around 1.04000
We see a long awaited pullback to a key prz level and key resistance. From here we could look to enter on signs of a bearish trend continuation.
Either way we are looking to short and target down toward our monthly support around 1.04000
All significant timeframes have been very bearish as that seems to be the case with most eurxxx pairs.
Because this is such a steep trend and price action has just been falling we have limited options.
Price action could keep this bearish momentum and continue falling into our monthly support level around 1.04000
We see a long awaited pullback to a key prz level and key resistance. From here we could look to enter on signs of a bearish trend continuation.
Either way we are looking to short and target down toward our monthly support around 1.04000
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