Hello Traders,
Let’s hit the charts…
1. EUR/CHF
Price on the 4 hours chart of the EUR/CHF has hit a key support level (1.09303).
How the daily candlestick closes, will play a big role in tomorrow’s price movement.
If price breaks through the current support level, all we may be looking out for tomorrow would be is a slight pull-back before the bears take price to the next possible support level (1.08711).
If price refuses to break the current support level, there is every likelihood that price may reverse at the present support level and head back to resistance level 1.09744.
That said, I have a bearish bias towards this pair, I will be waiting for sell confirmation, and if that doesn’t happen, I will have to wait for another set-up.
While you are here, you can check our weekly setups, they are already looking good for the trading week.
Join us again tomorrow for another market review.
Do have a great day ahead and as always…
Remain pip-full.
