• Vasily Trader

EURCHF: Update & Intraday Outlook

Recently we spotted a bearish breakout of major horizontal structure support on EURCHF on a daily.

Being very bearish biased I was patiently watching the price action on intraday timeframes.

On 2H chart, the price is currently consolidating.

The market is perfectly stuck within a horizontal trading range.

To catch a bearish continuation with a confirmation,

wait for a bearish breakout of a support of the range (you need a candle close below).

It will be a solid trigger.

Next goal will be 0.705

In case of a bullish breakout of the range, the setup will be invalid

and I won't trade.

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