EUR/CHF Daily Chart
I was just going through the charts and my eyes popped out when I saw this pair. How many evidence do you need to confirm a Support area? I guess there is no doubt that above level could act as a support. I know some of you must be following EURUSD and were looking for riding up the trend but i must tell you these pairs are very much correlated and it is probably going to be a bulls day :p. Anyways for all the conservative traders I see a support at 1.2800 so you can wait for the price to go to that level. You never know what the bears are up to, so (for the conservative ones) better not take chances.
Yeah thats right!!! I was trying stuff on my photoshop (but it did'nt work that well though). But anyways what do we see over here..Hmmm....a downward pressure then a consolidation. Looks like bulls and bears have hard time deciding where to go. I know what I have to do. I'll just mark the extreme boundaries and wait for the pair to hit that level.
