SwissPips

EURUSD: 1.2420 heavily broken, bearish pressure to accelerate

Short
SwissPips Mis à jour   
FX:EURUSD   Euro / Dollar Américain
Hey guys,

As you can see in my chart, the level of interest 1.2420, according to MP, has been heavily broken by bears.

This can suggest that EUR/USD bears are in control and going to push it downwards.

Inversely, USD/CHF should benefit from EUR weakness and go north.

The trend line you see is from the ZIGZAG indicator and is not a trend line I have added manually.

Trade with care

Cheers

Jesse

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