Eur Chf 27 August 2010

August 28, 2010

in Forex

I did posted my Eur Chf chart before this, expecting a breakout of 4 hour trendline for this pair and the trend in my opinion should be bullish.

So yesterday, I noticed that Eur Chf move as expected, breakout of that trendline and banked about 130 pips then retraced to 23% fibonacci retracement.

Today is Friday and the market will closed within next a few hours, let see what we have for the next week. My outlook remain bullish unless the price create a new low. I believe that the current upward is in formation of sub wave 3 in major wave 1.

Happy weekend! I love when my chart works! :-)

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