EUR/CHF Bullish Ascending Channel Forming
The monthly trend line has been broken - following a previous drop and then rise in price to the previous consolidation. Price seems to be in an expansion phase however it is making HH's and HL's and price closed above the historic bearish trend line twice - creating a new high and then a slightly HH. However, considering CHF's strength - this could possibly be a double top. However, pullbacks in price are also pushing higher - therefore this shows the trend is currently bullish. The pullbacks are large however - the trend is early and is currently ranging in an ascending channel.
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