Yesterday the EUR / CHF made a pullback on 1.21 in resistance.
The course is testing 1.2080 as support.
The price is still in its long-term bearish channel (black lines on the graph).
The indicators are broadly bearish.
We maintain to trade only during the short positions will be located below 1.21.
A declaration under 1.2080 will strengthen our bearish sentiment on the current parity.
One out of 1.2050 will then offer a new sell signal for an extension of the downward trend to1.20.
In case of return of more than 1.21 above a break, then we expect the increase of 1.2150to advise incoming / not treat more long positions in parity.
The course is testing 1.2080 as support.
The price is still in its long-term bearish channel (black lines on the graph).
The indicators are broadly bearish.
We maintain to trade only during the short positions will be located below 1.21.
A declaration under 1.2080 will strengthen our bearish sentiment on the current parity.
One out of 1.2050 will then offer a new sell signal for an extension of the downward trend to1.20.
In case of return of more than 1.21 above a break, then we expect the increase of 1.2150to advise incoming / not treat more long positions in parity.
