Possible Pullback on a 2 year resistance line.

١٤ فبراير ٢٠١٧

The pair has recently re-approach the 61.8% Fib. Retracement which proven to be a strong resistance line for almost 2 years. Although the pair had made some recovery after the CHF bank introduce the negative interest rate, the overall trend is still bearish based on weekly and monthly trends.

Feel free to comment on my idea.

Cheers.