What do you guys think of a EUR/CHF short?

The e/c looks like its in a similar setup to Pipcrawlers pick of the day Usd/Jpy short, so I’m thinking of shortong this as well. I got a 50 pip r +r in place. Any comments? Ideas?

It is hitting today’s high at 1.5141 francs per euro and is starting to correct downwards, after the good macro data from Switzerland. If the pair rebounds, it could go up to 1.5150�.

EUR/CHF is holding very well above the 200 days line at 1,2274. Yesterday it confirmed a session of consolidation forming a new inside day with 1,2415 – 1,2270 the levels to follow in the coming hours. The indicators of the daily chart are still positive but those of the s/t ones remain mixed supporting further consolidation.
While below 1,2385 we could still see an extension of the correction toward the 1,2262 level where we find today the 200 hours line. A break above 1,2385 confirmed by an hourly closing will instead support a move up confirming also a positive reversal in the hourly chart suggesting a s/t target at 1,2595!!
I remain on the sideline; we suggest waiting for lower levels to buy.

EUR/CHF confirmed further consolidation interior the inside day with 1,2415 – 1,2270 still the levels to follow in the coming hours. Only a daily closing above 1,2415 will support higher levels.
The indicators of the daily chart are still well positive as well as those of the weekly one where we had as well a strong closing well above the top of the previous week! In the s/t charts we have instead a mixed picture suggesting some consolidation. Possible a drop toward the 200 hours line at 1,2288 if not even alittel lower move that we want to buy.
I remain on the sideline!
I believe forex news - easy

EUR/CHF formed a negative day reversal after the 1,2440 overshooting where it found good resistance. Only a daily closing tonight below 1,2375 will confirm a s/t top causing further weakness!!
The indicators of the daily chart are still well positive but those of the s/t ones turned below the line following the correction. Possible therefore further weakness suggesting an extension toward the 200 hours line at 1,2334. This drop is in our view a nice buying opportunity for a 1,25 overshooting!!
Forex news - easy.

EUR/CHF was in a strong and consistent downtrend during the recent days that sellers were successful in obtaining the lowest price of 1.20490. Right now price is under 5-day moving weekly and daily time frames that show an downtrend during the next candles. With formation of bottom price of 1.20490 (formation of hammer candlestick pattern that shows Vulnerability of downtrend), there is a warning for formation of a successful bottom price and ascending of price in this supportive range. If this bottom price records (closing of ascending candle), this signal will be stronger.

According to the formed movements in price chart, there is Butterfly harmonic pattern between the top price of 1.22490 and the bottom price of 1.20490 that warns about ascending of price from D point. Stoch indicator in daily time frame is in saturation sell area ( also in divergence mode with the price chart ) and by the next cycle it confirms the harmonic D point and warns about the potential for ascending of price during the next candles.Right now the first important warning for more ascending of price in this currency pair happens by breaking the 1.20700 level in daily time frame .Generally until the bottom price of 1.20490 is preserved, the price has the potential for ascending from the harmonic pattern.

EUR/CHF during the recent month was in a downtrend that sellers were successful in achieving the lowest price of 1.20090.With cashing of some sellers’ trades (formation of candlestick pattern such as Spinning top and Inverted Hammer in weekly time frame) the price ascends and currently with closing of bullish candle on 21th records the bottom price of 1.20090.As it is obvious in the picture below between the top price of 1.21766 and bottom price of 1.20090, there is AB=CD harmonic pattern with the ratios of 61.8 and 127.2 that warns about the potential for ascending of the price.

RSI indicator is in saturation sell area and in divergence mode with the price chart in daily time frame that confirms the bottom price of 1.20090 and warns about changing price direction.Generally according to the formed signs in price chart, until the bottom price of 1.20090 is preserved; price will have the potential for increasing and ascend.