forexlyfeanalysis

EUR/CHF & BEAR PLAY

Short
OANDA:EURCHF   Euro / Franc Suisse
Price has been in a descending triangle on the Daily TF making lower highs, the market broke out of the support area of the triangle with the first impulse move and retraced back to the support turned resistance due to exhaustion as expected. Euro uncertainty worries continue has the Swiss Franc safe-haven status still holding. The retest gave a nice par on the daily TF which is a good sell signal
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