Hello Traders,
How was your weekend?
Are you ready for the new trading week?
If YES…, let’s hit the charts:
1. GBP/CHF
GBP/CHF spend the last few days of last week on a bearish run, forming lower highs and lower lows.
Before the close of the market last week, we also saw price breakout of the consolidation band.
If we resume the week with the bears still in control, we may see price go further down to hit 1.25753 as the next possible support level
2. EUR/CHF
After price broke the 1.10522 support level, we saw the sellers take over price till price got to the consolidation band where it began to stall.
If we do get a breakout confirmation this week, price next bus stop will most likely be 1.09591
What say you?
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