The single currency broke the neckline at the level 1.1665, therefore it could be wise to wait for the price to get back to the broken trendline, and then pull back down. The pair pattern could potentially drop until the level 1.1250:


The Franc has touched the psychological level 1.0000 with a shooting star, therefore it is a possibility for the pair to head down only at the market opening. It would be interesting to wait for the pair to potentially drop until the level 0.9775, which is the broken neckline of the double bottom:


The hammer has formed at the lower boundary of the downtrend. Here we can see that the asset can potentially go up to the level 0.7810 and then pull back down further, away from this level:

Stay tuned for more and trade with Tickmill!

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