The EURCHF pair is in the range between 1.14750 and 1.12690. Current price is at the top of the range, which has been a resistance previously and the RSI is also in overbought area, which gives an opportunity to short EURCHF.
There could be a strong support at 1.13300 area, which is also a Monthly Pivot Point and a round number. But there is no significant historical support area in near sight. This gives me additional confidence, that the price would move towards bottom of the range.
There could be a strong support at 1.13300 area, which is also a Monthly Pivot Point and a round number. But there is no significant historical support area in near sight. This gives me additional confidence, that the price would move towards bottom of the range.