Thursday Market Analysis: EUR/CHF

Hello traders,

let’s hit them charts:

 

1. EUR/CHF

A bearish pinbar  can be seen at a key resistance zone on the EUR/CHF.

Also, the stochastic indicator shows overbought, and the price is below the 200 moving average. The only downside to this setup is the CPI news on CHF tomorrow morning (8.30 am)

 

What say you?

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