Greetings.
Let’s take a look at the EUR/CHF.
The pair has been trending down since the beginning of April and the question is – will the downtrend continue?
It does seem the upward movement we’ve seen over the past 3 days looks like it may turn out to be a short term retracement and it looks like there does seem to be more potential downward action.
Once the upward retracement completes (to a potential 1.2300 – then look for a potential movement down to the 1.1800 area and below.
Good luck with trading and be sure to use your money management as well as your stops.
