As anticipated, Euro fell drastically and is still developing a momentum to the lower side. We expect to continue short for the better parts of today and even a possible breakout below 1.0822. A key daily resistance zone can be seen around 1.1036-1.1049, while a key daily supportive zone can seen around the zone $1.0717-$1.0657. The previous week's candle is a bearish trend continuation candle and will drive the market to the lower side for the better parts of the week. Expect an exact opposite wave count in USD/CHF, this pairs will move in an exact opposite direction during this intraday.
Trade Recommendations:
Remain short with an ideal target at 1.10657.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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