EUR/CHF Analysis

Dropped off nicely to the down side. Have seen some price action movement which suggests we go lower

TREND - DOWN
PRICE ACTION - Bear pin bar candle on Daily timeframe
SUPPORT in at 12766 area give or take. one bounce off this area
BOUNCE off 8ema
BEARISH CHANNEL down, yet to hit bottom

Looking to go short after a 50% retrace of the bearish candle of Fri 6th May

Order into short at 12661. STOP: 12753. LIMIT: 12477. Risk reward 2/1