Euro Trash - EUR/CHF Iciomoku Short Trade Idea

29 Jul 2018

This pair has been in a nice bearish trend for a while, it's still forming lower lows and lower highs.  Our major bearish signs are still there and I'm looking to hop in a trend continuation to the downside. I'm just looking for a move lower to enter my short bias trade. I've drawn out a few potential Take Profit levels on the way to my long term target of  1.1540  European Union sentiment of not wanting to raise interest rates until next year also leads me to believe there will be some EUR weakness ahead, especially if they stick with their plan of bond investment. If we fail to form a lower low or our bearish signs change, this setup may become invalidated.