1.0315 or reversal nearby?
Hi Folks:
The latest candle shows some important rejection from the bottom and could be an early signal of an approaching reversal area but since we have broken out a previous low that was acting as a support, we may continue downwards till 1.0315.
At this point I am not certain from the Technical point of view but fundamentally speaking remember that CHF has been used widely as a safe haven in difficult times.
Will keep monitoring possible options but so fare business as usual unless we break the descending channel.
Cheers
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The latest candle shows some important rejection from the bottom and could be an early signal of an approaching reversal area but since we have broken out a previous low that was acting as a support, we may continue downwards till 1.0315.
At this point I am not certain from the Technical point of view but fundamentally speaking remember that CHF has been used widely as a safe haven in difficult times.
Will keep monitoring possible options but so fare business as usual unless we break the descending channel.
Cheers
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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