USD/CHF 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 19, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/TRY 1H Chart: Channel Down Comment: We hold a bearish bias with respect to EUR/TRY. The main reason is the falling resistance trend-line, the beginning of which may be traced back to mid-October. The price is expected to bounce off of 3.0667 and push through the early Nov low. This will pave the way for a decline down to the lower boundary of the pattern, namely 3.0230, where we also have the Aug low. At the same time, a close above 3.0667 will imply a rally towards 3.1050 (weekly PP), but

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