EUR/CHF: 4-hour
Don’t look now, but EUR/CHF is testing the very bottom of its range on the 4-hour forex chart! Price has been bouncing back and forth between support at the 1.2050 minor psychological level and resistance around 1.2120 for the past couple of months, with
a move back to the top likely to take place. Stochastic is on its way down though, which means that there might be enough selling pressure left to trigger a downside break of support. Better set those stops tight if you’re going for a bounce or wait patiently for a convincing breakout before hopping in short!
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