A few days ago we talked about EUR/CHF hanging out at an ascending channel support on the daily time frame.
Well, it looks like the bears had decided to flex some more! The pair is now below the channel and has found support at the 1.0850 levels.
Are we seeing a legit breakout? The 1.1000 level is the area to watch if you’re a break and retest trader who’s looking to short at a better price.