EURCHF Long on support area?
Updated
strong buying activity seen at the area of resistance turn support. making multiple rallies.
A compressing triangle may signal upside if breakout occurs. for now, short term target is to the nearest sell zone denoted by the green box on the right side of the chart. stop loss at below demand levels.
A compressing triangle may signal upside if breakout occurs. for now, short term target is to the nearest sell zone denoted by the green box on the right side of the chart. stop loss at below demand levels.
Note
While prices are still holding up, a lower timeframe (H1) shows significant selling down (lower highs), especially so after ECB's dovish commentary and underperforming german march CPI. keep stops tight.
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