DAX One Step Away From Major Sell Signal, USD/CHF Rocky Too

Published 03/02/2018, 05:56 AM
USD/CHF
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EUR/GBP
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DE40
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USD/CHF for the second time tested the ultra important resistance around the 0.945. This time, the price created a daily shooting star pattern, which is a very negative sign for the buyers. Today we do have a confirmation of the bearish sentiment and the price is making lower lows and highs.

EUR/GBP is very close to end the super boring sideways trend seen here from December. We are one candle away from breaking the long-term down trendline along with the horizontal resistance on the 0.892. For the buy signal we need to see the price closing Friday above the blue area.

DAX can have some serious troubles. The price already reached the support on the 11900 points, but the Americans are very far from theirs. It means that if the US will continue to go down, DAX can break this support, which can release the demons straight from hell. Price closing below the red area will be a major sell signal for this and other European indices.

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