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Author Topic: EURCHF - Long  (Read 6878 times)

Offline uzakon

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Re: EURCHF - Long
« Reply #15 on: February 11, 2016, 05:52:35 PM »

With 1.1033 minor resistance intact, intraday bias in EUR/CHF remains on the downside for the moment. As noted before, current development is raising the chance of medium term reversal. Sustained break of 55 days EMA (now at 1.0939) will target 1.0755 support next. On the upside, above 1.1033 minor resistance will turn bias neutral first.

Offline uzakon

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Re: EURCHF - Long
« Reply #16 on: February 12, 2016, 06:38:27 PM »

The EURCHF formed a positive key day reversal closing above the top of the previous session. We have now 1,1055 1,0935 the levels to follow in the coming hours. A closing above 1,1055 could already resume the move up

Offline uzakon

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Re: EURCHF - Long
« Reply #17 on: February 21, 2016, 06:13:31 PM »

The EUR/CHF  pair initially trying to rally during the course of the week but turned back around to form a shooting star. The shooting star of course sits right at the 1.10 level where we would anticipate seeing quite a bit of bullish pressure.

Offline uzakon

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Re: EURCHF - Long
« Reply #18 on: February 23, 2016, 06:43:14 PM »

Intraday rallies should now struggle 1.1050/60. Above 1.1200 would allow for 1.1260, the 78.6% retracement of the move down from the 2015 collapse. Note that the 2008- 2016 downtrend is located at 1.1311 and we will be looking for failure ahead of here and for the resumption of the longer term down move.

Offline uzakon

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Re: EURCHF - Long
« Reply #19 on: March 13, 2016, 01:50:52 PM »

The EUR/CHF pair went back and forth during the course of the week, testing the 1.10 level for resistance. The market looks as if it is ready to continue going higher though, and if we can break above the top of the shooting star for the week, we believe the market will then test the 1.12 handle given enough time. At this point in time, even if we fall we believe that there is enough support at the 1.0750 level to keep the market afloat, thereby making this a market that we will only buy.

Offline uzakon

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Re: EURCHF - Long
« Reply #20 on: March 20, 2016, 02:09:01 PM »

The EUR/CHF pair fell slightly during the course of the week, as we continue to bounce around in the same consolidation area that we have been in for some time. If we can break above the 1.10 level, we feel that the market should continue to go higher, as we should continue to see positivity in this market that continues to grind higher, but at the very slow pace. With this, we are bullish and have no interest in selling this market, and believe that pullbacks will offer value.

Offline uzakon

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Re: EURCHF - Long
« Reply #21 on: March 22, 2016, 06:31:03 PM »

EURCHF we maintain a negative bias. It continues to remain capped by the 1.1023/60 resistance. This is where the 61.8% Fibonacci retracement meets the mid-February high and while below here immediate attention remains on the downside.

Offline uzakon

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Re: EURCHF - Long
« Reply #22 on: March 27, 2016, 06:31:45 PM »

The EUR/CHF pair initially fell during the course of the week, dropping below the 1.09 level. However, we did up turning back around and ended up forming a bit of a hammer. It is a short-term buying opportunity only though, because we see so much in the way of resistance at the 1.10 handle.

 

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