Descending channel on EUR CHF

  


Descending channel on EUR CHF



I was expecting to hit 1.0985 but missed my target for few pips. Price pulled back and went back to retest the 1.07 area and so far has proven to be a strong support.

CHF is widely used as safe haven when markets are in deep trouble so I am quite contraried at the moment and trying to take smaller trades and in different stakes to avoid getting caught in the wrong side.

As long as the support send prices higher I will be opening longs.

Cheers.



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