Its been a while since the EURCHF was rejected from a LT resistance level (its been in a range for 10-12 days), but still, it is in a bearish market condition. What is interesting is that it is currently trading at a level where we could get a signal to go short:

The next LT support level is at 1.2441, more than +450 pips from where it is currently trading.

Trade Safe!

Raul Lopez
Forex Training