Consolidating Thursday hits us with EUR/CHF

Hello Legendary Traders,

Let’s head straight to the charts…

 

 

1. EUR/CHF

EUR vs CHF

EUR/CHF reminds me of the days of:

The Ultimate Warrior Vs Hulk Hogan.

Boy, those fights lasted for hours, you would almost believe that those wrestlers had the strength of the gods themselves.

EUR/CHF got to a key resistance level (1.13797) and afterwards, the bulls and bears have been going back and forth.

Finally, the close of the 7 pm candlestick on the 4 hours chart favored the bears, hence our next possible support level should be 1.13221

Mind you, there may be a huge pull-back before the Bears commence their next journey.

 

What’s your view on this pair?

Wishing everyone a pip-full day ahead

 

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