EURCHF H1
EURCHF H4
Now I must say I am not a huge follower of the technical side with this pair as the SNB actions negate a lot of ‘normal’ tech reaction.
However the hourly and four hourly show the support channel which we bounced off.
I have noticed over the last few months that when there is a technical Positive Support signal that would encourage buyers that the SNB often coincide with words of encouragement. Next time I notice one I will point it out.
So, 1.2120 ish looks supportive; I hear of sellers at 1.2180 and 1.2200 but regaining the 1.22oo handle should encourage buyers again.
Personally I stay long but that’s just me and it comes back to risk management. To me every sell off is another opportunity.
