FOREX EUR/CHF back to 2015 soon !!!

2 พ.ค. 2020

Hello Traders,

I hope you have a good week-end even if we're in a quarantine.

So, today i propose my view about the EUR/CHF.

Do you remember January 2015
and the crash of the EUR/CHF ?
Yes of course !

Guess what !?

We'll be back soon in 2015 !

EUR/CHF has been in a powerful Downtrend since October 2007.
But EUR/CHF has difficulties to break the 1.05000 price level.

Indeed, the battle is between the
area of 1.05000 & 1.10000.
Have a look at the past & you'll understand what happened at these levels and why this area is so important.

I won't speak about macro economic news or covid-19 crisis because to be honest with you actually the MARKET is irrational & doesn't care about these stuff.

And also because we don't need macro economic news or whatever things to see & understand what's happening on our chart !

Simple things are the best things for investing or trading !

So, Back on topic !

I really believe with what i'm watching on my chart now that before the end of this summer the EUR/CHF could reach the 1.0000 price level !

In fact, Price just stay on the VWAP (decade anchor period) so it means
that it's difficult to enter in a position now but don't forget that the main trend is bearish.

I'm waiting for a powerful break under the VWAP to confirm my chart analysis but i'm really optimistic about that no doubt !

Don't worry even if the market looks like nothing !

The best soups are made in old pots haha !

Ok, So it's all for this chart analysis.

I really hope you'll like it !

Please, don't forget to support me by a following & a like !

Thanks & see you !