EURCHF
On the weekly perspective, the price was created a M formation, after the M formation, we expect the price to push up and retest the neckline of the M. a.k.a previous support turn resistance. so, I will be monitoring the price action on the 4h timeframe, if the price break above the daily structure plus retest, we can take a long position on this pair.
On the COT perspective both EUR and CHF are getting stronger, but CHF>EUR, so we can catch up with a deeper retracement on this pair, however, EURCHF may push to the downside eventually.
On the COT perspective both EUR and CHF are getting stronger, but CHF>EUR, so we can catch up with a deeper retracement on this pair, however, EURCHF may push to the downside eventually.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.