DLavrov

EURCHF Sell Opportunity

Short
FX:EURCHF   Euro / Franco svizzero
The weekly chart looks bearish and we can expect a downward movement. The daily chart gives us a swing low which should be used for placing pending orders for sell. RSI confirms price reversal and MACD histogram supports an upward movement. Probably the market will move upward in short term but after that we should be ready to see the market falling. DMI shows that the bears have power. It's sell opportunity. Entry level is 1.149000 with stop orders at 1.18500 level. Profit targets are 1.13000 and 1.10000 support levels.

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