EURCHF – Looking for short opportunities

The EURCHF it’s been trading near all time lows since the 23rd of March, since then it’s been falling down and trading in short term ranges giving us opportunities to take short positions. Last week it broke the bottom of the short term range indicating a strong bearish sentiment:

On the short term charts, the EURCHF looks like it will continue its way down, the short term resistance level is holding and every time it gets close to the resistance level around 1.1958 it show downward pressure:

As long as the EURCHF continues to trade below the short term resistance level I’ll be looking for short opportunities.

Trade Safe!

Raul Lopez
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Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .