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1.4.08 EUR/CHF Analysis

EUR/CHF Daily Chart


A side by side double top that I missed. Dragging the price down to the lower trendline. Stoch & CCI both are oversold but ADX showing strong bearish volume. Are we gonna see a reversal here?

If it bounced, expect price to touch the upper trendline. If it broke below, expect target or reversal at 1.6218. 2nd target or reversal point is at the round number 1.6000.

The above chart is a daily chart for long term view. Don't expect to see price reached targets in a single day trade.