Hello ladies and gents,
Let’s see what the charts have for us this Wednesday.
1. GBP/CHF
After GBP/CHF broke through the ascending trendline which served as a support, price today hit a minor support level (1.27935)
Currently, we are seeing a possible minor pullback, which may hit resistance level 1.29307 before price re-visits support level 1.27935 and possibly breaking it
If that happens, price next stop would possibly be 1.25807
2. EUR/CHF
On the higher time frame, EUR/CHF is bearish, and we can see a descending channel on the 4-hour time frame formed by price
In my opinion, we may most likely see support level 1.10093 get broken, giving way for the sellers to take price further down to the first possible support level (1.09591)
If that happens and the bears are still very dominant, there is also a possibility that support level 1.09591 gets broke and price may hit the second possible support level (1.08620)
What say you?
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