EURCHF: Crossed under the 1D MA50. Sell signal activated.

7 Jul 2023

EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250).

If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP = 0.95250).

Prior idea:

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