EURCHF rallies continue to attract sellers.

2023年8月14日

EURCHF - 24h expiry

The primary trend remains bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
Rallies should be capped by yesterday's high.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
We look for a temporary move higher.

We look to Sell at 0.9638 (stop at 0.9662)

Our profit targets will be 0.9578 and 0.9568

Resistance: 0.9600 / 0.9620 / 0.9640
Support: 0.9585 / 0.9570 / 0.9560

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