It seems to be an interesting and fairly clear situation from technical position on pair EURCHF. The downward trend lasts a long time and now after a weak sideway correction the price reached the trend line and resistance at 1.0750 area. Visible is also the reaction of bears. It is therefore possible that these areas will initiate further impetus downward.

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On the daily chart we show that there are no obstacles to the falls. If nothing much is going to happen during the day, it will be a chance to draw a pin bar. Short-term target possible to be achieved is the level of the last minimum. And if this level would be broken this long-term objective remains the low of 24 June.


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