We don’t analyze this pair many times, but I noticed possible head and shoulders pattern forming on daily chart.


Price just need to form right shoulder. Maybe still 100 pips up and then down for 300-400 pips. If we will get a follow up, and break a neck, then we could look for additional 600 pips move down to first marked support at 1.4060.

Tomorrow there is Manufacturing Production m/m news in UK, in Switzerland there is no major red news in future 24 hours.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.