The pair has tested daily lows and pulled back to trendline support. 4 hour RSI is below 30% and oversold and a bullish stochastic cross has been posted. We will look for price action confirmation around this support before looking for long entries
Note
EURCHF has found support at the daily trend line and has shown signs of a reversal. We will be looking to come out of the position around 1.05800Note
We have closed the position in profit as the pair has continued to consolidate around support.
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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.