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EURCHF – Looking for short opportunities

The EURCHF is trading in a clear bearish market condition (around historical lows). As long as it trades below 1.2062 I’ll be looking for short opportunities:

I’d like to see how the EURCHF reacts around the ST resistance level, if it forms a significant pattern with downward pressure I’ll definitely go short.

Trade Safe!

Raul Lopez
Forex Training

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This entry was posted on Monday, June 13th, 2011 at 9:09 am and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “EURCHF – Looking for short opportunities”

  1. Anonymous says:
    June 14, 2011 at 10:34 am

    now looking to go short after a retracement…ideally around 1.220 area…thanks for your tweet

    • Raul Lopez says:
      June 14, 2011 at 1:56 pm

      We’ll see what happens… I’d like to see the EURCHF below 1.2138 before looking for short opportunities in the EURCHF…

      good luck!

      Raul