Euro Swissy MOB Level

The Euro Swiss Franc is at a resistance level. This level is based on MOB, proximity of two trend lines and a 0.618 fibonacci level.

There looks like a chart pattern head and shoulders formation in creation but as it is not complete we cannot assume that it will form. Alternative chart patter perspective is a spike and handle.

This cross is going into our watchlist and what we will wait for is a breakout bar (either direction) for an entry after applying our ESLT.


Chart courtesy of Advanced GET. Data provided by eSignal.

Good trading.

Forex Analysts
Javid Shaik & Anne Chapman